My Size, Inc. (NASDAQ:MYSZ) Sees Large Drop in Short Interest

My Size, Inc. (NASDAQ:MYSZ) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 17,100 shares, a decrease of 36.0% from the August 15th total of 26,700 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 57,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of My Size

An institutional investor recently bought a new position in My Size stock. Armistice Capital LLC acquired a new stake in shares of My Size, Inc. (NASDAQ:MYSZ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,000 shares of the company’s stock, valued at approximately $69,000. Armistice Capital LLC owned about 4.06% of My Size as of its most recent SEC filing. Institutional investors and hedge funds own 27.71% of the company’s stock.

Analyst Ratings Changes

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

My Size Price Performance

MYSZ stock traded down $0.07 during midday trading on Monday, hitting $1.87. 34,966 shares of the stock were exchanged, compared to its average volume of 57,120. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.09 and a current ratio of 2.94. The stock has a market cap of $1.20 million, a price-to-earnings ratio of -0.08 and a beta of 0.91. My Size has a fifty-two week low of $1.56 and a fifty-two week high of $10.80. The stock’s 50-day moving average price is $2.26 and its 200-day moving average price is $3.09.

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

About My Size

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven apparel sizing and digital solutions for online shopping and physical stores in Israel. The company operates through three segments: Fashion and Equipment E-Commerce Platform; SaaS Solutions; and Naiz. It offers MySizeID, an application that enables consumers to create an online profile of their personal measurements to get the right fit; BoxSize, a parcel measurement application that allows consumers to measure the size of their parcel with their smartphone, calculate shipping costs, and arrange for a convenient pick-up time for the package; and SizeUp, a digital tape measure that allows users to measure length, width, and height of a surface by moving their smartphone from point to point of an object or space.