Destiny Media Technologies Inc. (OTCMKTS:DSNY) Sees Large Increase in Short Interest

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 7,159 shares, an increase of 217.3% from the November 30th total of 2,256 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,252 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 4,252 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.1% of the company’s shares are sold short.

Destiny Media Technologies Stock Performance

Shares of OTCMKTS DSNY opened at $0.50 on Friday. The firm has a 50 day moving average price of $0.47 and a two-hundred day moving average price of $0.46. The stock has a market cap of $4.82 million, a P/E ratio of -7.14 and a beta of 0.81. Destiny Media Technologies has a 52-week low of $0.24 and a 52-week high of $0.78.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its quarterly earnings results on Monday, November 24th. The technology company reported ($0.04) EPS for the quarter. The business had revenue of $1.14 million for the quarter. Destiny Media Technologies had a negative return on equity of 22.65% and a negative net margin of 14.10%.

Destiny Media Technologies Company Profile

Destiny Media Technologies Inc develops technologies that enable the distribution of digital media files in a streaming or digital download format over the Internet. It offers Play MPE, an online platform that distributes promotional content, including broadcast quality audio, video, images, promotional information, and other digital content from record labels and artists to broadcasting professionals, music curators, and music reviewers to discover, download, broadcast, and review the content; Play MPE CASTER; Play MPE Quickshare provides a distribution tool for Play MPE customers to promote music; and Play MPE Player for music curators to review and download content through cloud-based player and mobile apps.