Destiny Media Technologies Inc. (OTCMKTS:DSNY) Sees Significant Decrease in Short Interest

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 165 shares, a decline of 90.9% from the September 30th total of 1,820 shares. Based on an average trading volume of 945 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Destiny Media Technologies Price Performance

DSNY remained flat at $0.50 during trading on Monday. Destiny Media Technologies has a 12 month low of $0.24 and a 12 month high of $0.81. The stock has a market cap of $4.82 million, a PE ratio of -4.55 and a beta of 0.41. The business’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.61.

Destiny Media Technologies Company Profile

Destiny Media Technologies Inc is a Canadian software company that develops digital media distribution and delivery solutions. Based in Vancouver, British Columbia, the company has focused on tools that help media professionals securely distribute, manage and access digital audio and video content.

Its principal product has been Play MPE, a digital music delivery and promotion platform designed for record labels, artists, radio stations and other music-industry participants. The service supports the distribution of pre-release and promotional music to authorized recipients, helping labels and promoters manage digital servicing campaigns and track content delivery.

Destiny Media has also developed Clipstream, a browser-based video technology intended to simplify online video distribution without requiring users to install separate software or browser plug-ins.