Destiny Media Technologies Inc. (OTCMKTS:DSNY) Short Interest Update

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 9,800 shares, a growth of 197.0% from the December 31st total of 3,300 shares. Based on an average trading volume of 8,400 shares, the short-interest ratio is presently 1.2 days.

Destiny Media Technologies Price Performance

Destiny Media Technologies stock traded down $0.08 during mid-day trading on Thursday, reaching $0.56. 14,400 shares of the company traded hands, compared to its average volume of 16,669. Destiny Media Technologies has a fifty-two week low of $0.46 and a fifty-two week high of $1.15. The firm’s fifty day moving average is $0.77 and its two-hundred day moving average is $0.82. The company has a market capitalization of $5.35 million, a price-to-earnings ratio of -55.50 and a beta of 0.99.

Destiny Media Technologies (OTCMKTS:DSNY) last posted its earnings results on Tuesday, January 14th. The technology company reported $0.01 EPS for the quarter. Destiny Media Technologies had a negative return on equity of 0.62% and a negative net margin of 0.42%.

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.