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

My Size, Inc. (NASDAQ:MYSZ) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 25,300 shares, a drop of 65.8% from the January 15th total of 74,000 shares. Based on an average trading volume of 2,660,000 shares, the short-interest ratio is presently 0.0 days. Currently, 4.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Insider Activity at My Size

In other news, CEO Ronen Luzon sold 6,000 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $5.21, for a total transaction of $31,260.00. Following the sale, the chief executive officer now directly owns 44,000 shares of the company’s stock, valued at $229,240. This represents a 12.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in My Size stock. National Bank of Canada FI acquired a new position in shares of My Size, Inc. (NASDAQ:MYSZ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 27.71% of the company’s stock.

My Size Stock Down 3.3 %

My Size stock traded down $0.06 during mid-day trading on Wednesday, hitting $1.76. The company had a trading volume of 77,258 shares, compared to its average volume of 229,913. The stock has a market cap of $2.22 million, a price-to-earnings ratio of -0.26 and a beta of 0.33. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. My Size has a 1 year low of $1.05 and a 1 year high of $9.40. The business has a fifty day moving average of $2.55 and a 200 day moving average of $2.03.

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.