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

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 4,200 shares, an increase of 44.8% from the October 15th total of 2,900 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.9 days.

Destiny Media Technologies Trading Down 8.1 %

Shares of Destiny Media Technologies stock traded down $0.08 during trading hours on Friday, reaching $0.94. The stock had a trading volume of 100 shares, compared to its average volume of 6,294. The firm has a market capitalization of $9.03 million, a PE ratio of 93.75 and a beta of 0.94. Destiny Media Technologies has a twelve month low of $0.56 and a twelve month high of $1.15. The stock’s 50 day moving average is $0.82 and its 200 day moving average is $0.88.

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.