My Size, Inc. (NASDAQ:MYSZ) Short Interest Up 243.9% in February

My Size, Inc. (NASDAQ:MYSZ) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 22,700 shares, an increase of 243.9% from the February 13th total of 6,600 shares. Based on an average daily trading volume, of 2,610,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.8% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their price objective on My Size from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, November 18th.

My Size Price Performance

My Size stock traded up $0.01 during mid-day trading on Friday, reaching $1.26. 33,186 shares of the company’s stock traded hands, compared to its average volume of 732,674. My Size has a 12-month low of $1.05 and a 12-month high of $9.40. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $2.04 and a two-hundred day moving average of $1.94. The company has a market cap of $1.59 million, a price-to-earnings ratio of -0.18 and a beta of 0.25.

Insider Buying and Selling at My Size

In other news, CEO Ronen Luzon sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $5.21, for a total transaction of $31,260.00. Following the completion of the transaction, the chief executive officer now owns 44,000 shares in the company, valued at $229,240. This trade represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.40% of the company’s stock.

Institutional Trading of My Size

An institutional investor recently bought a new position in My Size stock. National Bank of Canada FI acquired a new position in shares of My Size, Inc. (NASDAQ:MYSZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,918 shares of the company’s stock, valued at approximately $55,000. National Bank of Canada FI owned about 1.03% 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.

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.