Short Interest in My Size, Inc. (NASDAQ:MYSZ) Declines By 35.9%

My Size, Inc. (NASDAQ:MYSZ) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 12,893 shares, a drop of 35.9% from the May 31st total of 20,105 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 406,584 shares, the short-interest ratio is presently 0.0 days.

My Size Stock Performance

My Size stock opened at $0.46 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.69 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.22 million, a PE ratio of -0.27 and a beta of -0.09. The firm has a fifty day simple moving average of $0.52 and a two-hundred day simple moving average of $0.63. My Size has a twelve month low of $0.38 and a twelve month high of $1.65.

My Size (NASDAQ:MYSZ) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.01. My Size had a negative net margin of 60.99% and a negative return on equity of 105.26%. The business had revenue of $2.39 million during the quarter, compared to analyst estimates of $3.50 million.

Hedge Funds Weigh In On My Size

A hedge fund recently bought a new position in My Size stock. Virtu Financial LLC purchased a new position in My Size, Inc. (NASDAQ:MYSZ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned 0.98% of My Size at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of My Size in a research note on Friday, April 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

My Size Company Profile

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.