Destiny Media Technologies Inc. (OTCMKTS:DSNY) Short Interest Up 197.0% in January

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the target of 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 trading volume of 8,400 shares, the short-interest ratio is currently 1.2 days.

Destiny Media Technologies Trading Down 1.5 %

Shares of DSNY stock traded down $0.01 during trading hours on Wednesday, reaching $0.64. 200 shares of the company’s stock were exchanged, compared to its average volume of 11,408. Destiny Media Technologies has a 1 year low of $0.46 and a 1 year high of $1.15. The stock has a market cap of $6.17 million, a PE ratio of -63.99 and a beta of 0.99. The stock’s fifty day moving average price is $0.78 and its two-hundred day moving average price 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 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.