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

My Size, Inc. (NASDAQ:MYSZ) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 13,300 shares, a decline of 41.4% from the February 28th total of 22,700 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,580,000 shares, the short-interest ratio is presently 0.0 days.

Insider Buying and Selling

In other My Size news, CEO Ronen Luzon sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $5.21, for a total transaction of $31,260.00. Following the completion of the sale, the chief executive officer now directly 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 legal filing with the SEC, which is available at this hyperlink. 8.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in My Size stock. National Bank of Canada FI purchased a new stake in My Size, Inc. (NASDAQ:MYSZ) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,918 shares of the company’s stock, valued at approximately $55,000. National Bank of Canada FI owned approximately 1.03% of My Size as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 27.71% of the company’s stock.

My Size Stock Performance

Shares of NASDAQ MYSZ traded up $0.53 during trading hours on Friday, reaching $1.79. 11,358,468 shares of the stock were exchanged, compared to its average volume of 782,573. The firm has a market capitalization of $2.26 million, a price-to-earnings ratio of -0.26 and a beta of 0.25. The stock’s fifty day simple moving average is $1.69 and its 200 day simple moving average is $1.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.56 and a current ratio of 2.49. My Size has a 52 week low of $1.05 and a 52 week high of $9.40.

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.