My Size Stock to Reverse Split on Tuesday, April 23rd (NASDAQ:MYSZ)

My Size, Inc. (NASDAQ:MYSZ) shares are set to reverse split on Tuesday, April 23rd. The 1-8 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, April 23rd.

My Size Trading Up 5.3 %

NASDAQ:MYSZ opened at $0.49 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.71 and a debt-to-equity ratio of 0.05. My Size has a 1-year low of $0.36 and a 1-year high of $2.74. The firm has a market capitalization of $1.76 million, a price-to-earnings ratio of -0.11 and a beta of 1.01. The stock has a fifty day simple moving average of $0.44 and a 200 day simple moving average of $0.58.

Hedge Funds Weigh In On My Size

An institutional investor recently raised its position in My Size stock. Armistice Capital LLC increased its holdings in My Size, Inc. (NASDAQ:MYSZ) by 78.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,000 shares of the company’s stock after acquiring an additional 138,000 shares during the period. Armistice Capital LLC owned about 8.70% of My Size worth $213,000 at the end of the most recent reporting period. 27.71% of the stock is currently owned by hedge funds and other institutional investors.

My Size Company Profile

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven apparel sizing and digital solutions for online shopping and physical stores in Israel. The company operates through three segments: Fashion and Equipment E-Commerce Platform; SaaS Solutions; and Naiz. It offers MySizeID, an application that enables consumers to create an online profile of their personal measurements to get the right fit; BoxSize, a parcel measurement application that allows consumers to measure the size of their parcel with their smartphone, calculate shipping costs, and arrange for a convenient pick-up time for the package; and SizeUp, a digital tape measure that allows users to measure length, width, and height of a surface by moving their smartphone from point to point of an object or space.