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

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 4,200 shares, an increase of 44.8% from the October 15th total of 2,900 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is currently 0.9 days.

Destiny Media Technologies Trading Down 8.1 %

Shares of OTCMKTS:DSNY traded down $0.08 during trading on Friday, reaching $0.94. The stock had a trading volume of 100 shares, compared to its average volume of 6,294. Destiny Media Technologies has a one year low of $0.56 and a one year high of $1.15. The company has a market capitalization of $9.03 million, a P/E ratio of 93.75 and a beta of 0.94. The firm’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $0.88.

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.