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

My Size, Inc. (NASDAQ:MYSZ) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 4,800 shares, a decline of 65.7% from the March 31st total of 14,000 shares. Based on an average daily volume of 36,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.3% of the company’s shares are short sold.

Institutional Trading of My Size

A hedge fund recently bought a new stake in My Size stock. Armistice Capital LLC bought a new position in My Size, Inc. (NASDAQ:MYSZ) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 177,000 shares of the company’s stock, valued at approximately $153,000. Armistice Capital LLC owned 7.25% of My Size at the end of the most recent reporting period. 27.71% of the stock is currently owned by hedge funds and other institutional investors.

My Size Trading Down 8.5 %

My Size stock traded down $0.33 during mid-day trading on Thursday, reaching $3.56. 108,510 shares of the company traded hands, compared to its average volume of 34,059. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.71 and a quick ratio of 0.97. The firm’s 50 day moving average price is $3.55 and its 200 day moving average price is $4.58. The firm has a market capitalization of $1.61 million, a price-to-earnings ratio of -0.11 and a beta of 1.01. My Size has a 52-week low of $2.88 and a 52-week high of $21.92.

My Size (NASDAQ:MYSZ) last issued its quarterly earnings data on Monday, April 1st. The company reported ($0.80) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.16. The business had revenue of $2.83 million for the quarter, compared to the consensus estimate of $3.50 million. My Size had a negative net margin of 117.08% and a negative return on equity of 181.30%. On average, analysts anticipate that My Size will post -8.48 earnings per share for the current fiscal 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.