Finance

Are My Size, Inc. (MYSZ)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for My Size, Inc. (NASDAQ:MYSZ) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. MYSZ’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 00.74% of My Size, Inc. (MYSZ)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 3 holders increased their positions by a total of 66085 shares, 2 holders decreased the positions by a total of 30477 shares, and 0 holders held their positions. This works out to a net increase in ownership of 35608 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 3 holders initiated new positions by a total of 66085 shares and 0 holders exited their positions by a total of 0 shares. This nets out to an increase of 66085 shares and is a bullish sign for MYSZ.

Insider ownership increased by a total of 0 shares, which suggests that MYSZ’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. My Size, Inc. (NASDAQ:MYSZ)’s short interest is 546400 shares, or % of the float. This represents a decrease of -10% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for MYSZ. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that MYSZ is a Strong buy, which implies that MYSZ is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that My Size, Inc. (NASDAQ:MYSZ) is undervalued.

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