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

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,500 shares, a growth of 6.1% from the March 31st total of 3,300 shares. Based on an average daily trading volume, of 11,900 shares, the days-to-cover ratio is presently 0.3 days.

Destiny Media Technologies Stock Performance

OTCMKTS DSNY traded down $0.03 on Tuesday, hitting $1.08. 15,001 shares of the stock were exchanged, compared to its average volume of 6,342. The stock has a fifty day moving average price of $1.06 and a two-hundred day moving average price of $1.03. The firm has a market capitalization of $10.61 million, a P/E ratio of 110.60 and a beta of 1.06. Destiny Media Technologies has a 52-week low of $0.59 and a 52-week high of $1.19.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its earnings results on Monday, April 15th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.99 million for the quarter. Destiny Media Technologies had a net margin of 4.65% and a return on equity of 5.74%.

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.