Destiny Media Technologies Inc. (OTCMKTS:DSNY) Sees Significant Growth in Short Interest

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

Destiny Media Technologies Stock Performance

DSNY traded down $0.02 during trading on Wednesday, hitting $0.63. The stock had a trading volume of 12,100 shares, compared to its average volume of 18,487. The company has a 50 day moving average price of $0.82 and a 200-day moving average price of $0.84. Destiny Media Technologies has a one year low of $0.52 and a one year high of $1.15.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its earnings results on Tuesday, January 14th. The technology company reported $0.01 earnings per share for the quarter. Destiny Media Technologies had a return on equity of 3.37% and a net margin of 2.56%.

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.