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

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

Destiny Media Technologies Stock Performance

OTCMKTS:DSNY traded down $0.02 on Wednesday, hitting $0.63. 12,100 shares of the stock were exchanged, compared to its average volume of 18,487. The company’s 50-day moving average price is $0.82 and its 200 day moving average price is $0.84. Destiny Media Technologies has a 52 week low of $0.52 and a 52 week 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 EPS 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.