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 daily trading volume, of 8,400 shares, the days-to-cover ratio is presently 1.2 days.

Destiny Media Technologies Trading Down 13.3 %

Destiny Media Technologies stock traded down $0.08 during trading on Thursday, hitting $0.56. The company had a trading volume of 14,400 shares, compared to its average volume of 16,669. The stock has a market cap of $5.35 million, a price-to-earnings ratio of -55.50 and a beta of 0.99. Destiny Media Technologies has a 1-year low of $0.46 and a 1-year high of $1.15. The company’s 50 day simple moving average is $0.77 and its 200-day simple moving average is $0.82.

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

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.