Stingray Group Inc. (OTCMKTS:STGYF) Sees Significant Growth in Short Interest

Stingray Group Inc. (OTCMKTS:STGYF) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 6,900 shares, a growth of 56.8% from the December 15th total of 4,400 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 23.0 days.

Stingray Group Price Performance

Shares of STGYF remained flat at C$5.07 during mid-day trading on Thursday. 300 shares of the stock traded hands, compared to its average volume of 350. Stingray Group has a 12 month low of C$5.05 and a 12 month high of C$6.11. The company has a fifty day moving average of C$5.41 and a 200-day moving average of C$5.50.

About Stingray Group

Stingray Group Inc operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres.