Short Interest in My Size, Inc. (NASDAQ:MYSZ) Declines By 85.9%

My Size, Inc. (NASDAQ:MYSZGet Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 9,992 shares, a decline of 85.9% from the July 30th total of 70,838 shares. Based on an average trading volume of 136,787 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.6% of the company’s shares are short sold.

My Size Stock Performance

Shares of NASDAQ MYSZ remained flat at $2.60 during trading on Friday. The company’s stock had a trading volume of 44,293 shares, compared to its average volume of 571,357. The company has a 50 day simple moving average of $3.24 and a two-hundred day simple moving average of $4.10. My Size has a 1 year low of $2.23 and a 1 year high of $11.84. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33.

My Size (NASDAQ:MYSZGet Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($2.92) earnings per share for the quarter. The company had revenue of $3.07 million during the quarter. My Size had a negative net margin of 66.75% and a negative return on equity of 161.47%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of My Size in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

View Our Latest Stock Report on MYSZ

Institutional Inflows and Outflows

A hedge fund recently raised its position in My Size stock. DRW Securities LLC raised its position in My Size, Inc. (NASDAQ:MYSZFree Report) by 114.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 73,214 shares of the company’s stock after purchasing an additional 39,046 shares during the period. DRW Securities LLC owned 1.90% of My Size worth $56,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 27.71% of the company’s stock.

My Size Company Profile

(Get Free Report)

My Size, Inc (NASDAQ: MYSZ) is a technology company specializing in mobile measurement and dimensioning solutions designed to optimize online shopping and logistics operations. Leveraging proprietary algorithms and smartphone sensors, the company enables consumers to obtain accurate body measurements and apparel fit recommendations, while also providing carriers and warehouses with automated package dimensioning systems. By addressing pain points related to e-commerce returns and shipping inefficiencies, My Size aims to drive cost savings and improve customer satisfaction across the retail and delivery ecosystems.

The company’s flagship offering, MySizeID™, is a mobile application and software development kit (SDK) that integrates with e-commerce platforms to guide shoppers to the correct garment size.

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