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

My Size, Inc. (NASDAQ:MYSZ) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 25,300 shares, a decrease of 65.8% from the January 15th total of 74,000 shares. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.4% of the shares of the stock are sold short.

Insider Transactions at My Size

In related news, CEO Ronen Luzon sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $5.21, for a total value of $31,260.00. Following the completion of the transaction, the chief executive officer now directly owns 44,000 shares of the company’s stock, valued at $229,240. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in My Size stock. National Bank of Canada FI purchased a new position in shares of My Size, Inc. (NASDAQ:MYSZ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their price target on My Size from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, November 18th.

My Size Price Performance

MYSZ traded down $0.06 during midday trading on Wednesday, reaching $1.76. 77,258 shares of the company’s stock were exchanged, compared to its average volume of 229,913. My Size has a 1-year low of $1.05 and a 1-year high of $9.40. The stock has a market capitalization of $2.22 million, a PE ratio of -0.26 and a beta of 0.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.49 and a quick ratio of 1.56. The business’s 50-day moving average price is $2.55 and its 200 day moving average price is $2.03.

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.