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

My Size, Inc. (NASDAQ:MYSZ) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 5,400 shares, a decline of 64.9% from the October 15th total of 15,400 shares. Based on an average daily volume of 29,900 shares, the short-interest ratio is presently 0.2 days. Approximately 1.0% of the company’s shares are sold short.

My Size Stock Performance

Shares of NASDAQ:MYSZ traded down $0.05 during trading on Wednesday, hitting $1.50. The stock had a trading volume of 28,849 shares, compared to its average volume of 50,863. My Size has a 12 month low of $1.40 and a 12 month high of $7.12. The firm’s fifty day moving average is $1.67 and its 200 day moving average is $2.54. The company has a quick ratio of 2.09, a current ratio of 2.94 and a debt-to-equity ratio of 0.03.

My Size (NASDAQ:MYSZ) last announced its 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, sell-side analysts predict that My Size will post -4.69 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in My Size stock. Armistice Capital LLC purchased a new position in My Size, Inc. (NASDAQ:MYSZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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. Hedge funds and other institutional investors own 27.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $5.00 price target on shares of My Size in a report 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.