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

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a significant growth in short interest in 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 volume of 8,400 shares, the short-interest ratio is presently 1.2 days.

Destiny Media Technologies Price Performance

Shares of DSNY opened at $0.56 on Friday. The firm has a fifty day moving average of $0.77 and a 200-day moving average of $0.82. Destiny Media Technologies has a 1 year low of $0.46 and a 1 year high of $1.15.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its quarterly earnings data on Tuesday, January 14th. The technology company reported $0.01 earnings per share (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.