My Size, Inc. (NASDAQ:MYSZ) Short Interest Update

My Size, Inc. (NASDAQ:MYSZ) was the target of a large drop in short interest in 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 days-to-cover ratio is presently 0.2 days. Approximately 1.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

My Size Stock Down 1.9 %

MYSZ traded down $0.03 during trading on Tuesday, reaching $1.55. The stock had a trading volume of 15,126 shares, compared to its average volume of 50,963. The company has a current ratio of 2.94, a quick ratio of 2.09 and a debt-to-equity ratio of 0.03. My Size has a one year low of $1.40 and a one year high of $7.12. The stock’s 50 day moving average is $1.67 and its two-hundred day moving average is $2.56. The company has a market capitalization of $1.95 million, a price-to-earnings ratio of -0.17 and a beta of 0.90.

My Size (NASDAQ:MYSZ) last released its earnings results on Monday, August 12th. The company reported ($1.28) EPS for the quarter, topping analysts’ consensus estimates of ($2.43) by $1.15. The company had revenue of $1.98 million for the quarter, compared to the consensus estimate of $2.00 million. My Size had a negative return on equity of 77.26% and a negative net margin of 44.38%. As a group, analysts expect that My Size will post -4.69 earnings per share for the current year.

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) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period. 27.71% of the stock is currently owned by institutional investors and hedge funds.

About My Size

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.