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

My Size, Inc. (NASDAQ:MYSZ) saw a significant drop in short interest in 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. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 0.2 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in My Size stock. Armistice Capital LLC acquired a new position in My Size, Inc. (NASDAQ:MYSZ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 26,000 shares of the company’s stock, valued at approximately $69,000. Armistice Capital LLC owned 4.06% of My Size at the end of the most recent quarter. Institutional investors and hedge funds own 27.71% of the company’s stock.

My Size Trading Down 3.0 %

MYSZ stock traded down $0.05 during mid-day trading on Wednesday, hitting $1.50. 28,849 shares of the stock were exchanged, compared to its average volume of 50,863. The company has a current ratio of 2.94, a quick ratio of 2.09 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $1.67 and a 200 day moving average price of $2.54. My Size has a 12 month low of $1.40 and a 12 month high of $7.12.

My Size (NASDAQ:MYSZ) last issued 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. My Size had a negative return on equity of 77.26% and a negative net margin of 44.38%. The firm had revenue of $1.98 million during the quarter, compared to analyst estimates of $2.00 million. As a group, equities analysts anticipate that My Size will post -4.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

My Size Company Profile

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.