Destiny Media Technologies Inc. (OTCMKTS:DSNY) Short Interest Down 21.7% in March

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 5,400 shares, a decrease of 21.7% from the March 15th total of 6,900 shares. Based on an average daily trading volume, of 7,400 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

Destiny Media Technologies Price Performance

DSNY remained flat at $0.49 on Friday. The company’s 50 day moving average is $0.51 and its 200 day moving average is $0.69. The firm has a market capitalization of $4.72 million, a PE ratio of -49.00 and a beta of 0.87. Destiny Media Technologies has a 12 month low of $0.36 and a 12 month high of $1.15.

Destiny Media Technologies (OTCMKTS:DSNY) last announced its quarterly earnings results on Monday, April 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $1.02 million during the quarter. Destiny Media Technologies had a negative return on equity of 0.62% and a negative net margin of 0.42%.

About Destiny Media Technologies

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.