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

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

My Size Price Performance

Shares of NASDAQ:MYSZ traded up $0.53 on Friday, reaching $1.79. 11,358,468 shares of the company traded hands, compared to its average volume of 782,573. The stock has a market capitalization of $2.26 million, a PE ratio of -0.26 and a beta of 0.25. 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 company’s 50 day moving average is $1.69 and its 200-day moving average is $1.90. My Size has a fifty-two week low of $1.05 and a fifty-two week high of $9.40.

Insider Activity

In other news, CEO Ronen Luzon sold 6,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 44,000 shares in the company, valued at $229,240. This represents a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 8.40% of the company’s stock.

Institutional Trading of My Size

An institutional investor recently bought a new position in My Size stock. National Bank of Canada FI acquired a new position in shares of My Size, Inc. (NASDAQ:MYSZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 and Exchange Commission. Institutional investors and hedge funds own 27.71% of the company’s stock.

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.