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

My Size, Inc. (NASDAQ:MYSZ) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 36,410 shares, a growth of 264.4% from the August 15th total of 9,992 shares. Currently, 5.8% of the company’s shares are sold short. Based on an average daily trading volume, of 874,327 shares, the short-interest ratio is presently 0.0 days.

My Size Trading Down 10.8%

Shares of NASDAQ:MYSZ traded down $0.21 during trading on Friday, hitting $1.73. 40,605 shares of the company’s stock were exchanged, compared to its average volume of 533,334. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.26 million, a P/E ratio of -0.11 and a beta of -0.09. The firm has a 50-day moving average price of $2.95 and a two-hundred day moving average price of $3.93. My Size has a 1-year low of $1.71 and a 1-year high of $11.04.

My Size (NASDAQ:MYSZ) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($2.92) earnings per share (EPS) for the quarter. The business 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 Analysts Forecast Growth

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

Hedge Funds Weigh In On My Size

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

About My Size

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.