My Size, Inc. (NASDAQ:MYSZ) Short Interest Down 64.9% in October

My Size, Inc. (NASDAQ:MYSZ) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 5,400 shares, a drop of 64.9% from the October 15th total of 15,400 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 29,900 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On My Size

An institutional investor recently bought a new position in My Size stock. Armistice Capital LLC purchased a new position in shares of My Size, Inc. (NASDAQ:MYSZ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,000 shares of the company’s stock, valued at approximately $69,000. Armistice Capital LLC owned about 4.06% 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.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and set a $5.00 target price on shares of My Size in a research note on Wednesday, August 21st.

My Size Trading Down 1.9 %

Shares of NASDAQ:MYSZ traded down $0.03 during mid-day trading on Tuesday, hitting $1.55. The company had a trading volume of 15,126 shares, compared to its average volume of 50,963. My Size has a one year low of $1.40 and a one year high of $7.12. The firm has a fifty day moving average price of $1.67 and a 200 day moving average price of $2.56. The company has a market capitalization of $1.95 million, a PE ratio of -0.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.94 and a quick ratio of 2.09.

My Size (NASDAQ:MYSZ) last announced its earnings results on Monday, August 12th. The company reported ($1.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.43) by $1.15. My Size had a negative return on equity of 77.26% and a negative net margin of 44.38%. The company had revenue of $1.98 million for the quarter, compared to analyst estimates of $2.00 million. As a group, research analysts forecast that My Size will post -4.69 EPS for the current year.

About My Size

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven software as a service measurement solutions for fashion ecommerce companies in Israel, Spain, and internationally. It operates through Fashion and Equipment E-Commerce Platform, and SaaS Solutions segments. The company offers Size Form, which generates accurate measurements to find proper fitting clothes and accessories; First Look Smart Mirror, a solution for brick and mortar stores that allows customers to filter the whole physical store by their size and fit; Smart Catalogue, a solution that suggests the launch of new sizes, detects new product niches, and allows brands to adapt their assortment to their customer base; and True Feedback solution.