My Size, Inc. (NASDAQ:MYSZ) Sees Significant Increase in Short Interest

My Size, Inc. (NASDAQ:MYSZ) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 67,584 shares, an increase of 424.2% from the June 15th total of 12,893 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 71,281 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of My Size in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, My Size currently has a consensus rating of “Sell”.

My Size Stock Performance

NASDAQ:MYSZ opened at $0.48 on Friday. The business’s 50-day moving average is $0.50 and its two-hundred day moving average is $0.62. The firm has a market capitalization of $2.31 million, a PE ratio of -0.28 and a beta of -0.09. My Size has a 12 month low of $0.38 and a 12 month high of $1.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.69 and a quick ratio of 0.76.

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

Institutional Trading of My Size

An institutional investor recently bought a new position in My Size stock. Virtu Financial LLC acquired a new stake in shares of My Size, Inc. (NASDAQ:MYSZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned 0.98% of My Size as of its most recent SEC filing. Hedge funds and other institutional investors own 27.71% of the company’s stock.

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.