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 in 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 daily trading volume, of 8,400 shares, the days-to-cover ratio is presently 1.2 days.

Destiny Media Technologies Stock Down 1.5 %

Shares of Destiny Media Technologies stock traded down $0.01 on Wednesday, reaching $0.64. The company’s stock had a trading volume of 200 shares, compared to its average volume of 11,408. The company has a market capitalization of $6.17 million, a P/E ratio of -63.99 and a beta of 0.99. Destiny Media Technologies has a 52-week low of $0.46 and a 52-week high of $1.15. The stock has a 50-day moving average price of $0.78 and a 200-day moving average price of $0.82.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its quarterly earnings results on Tuesday, January 14th. The technology company reported $0.01 EPS for the quarter. Destiny Media Technologies had a negative return on equity of 0.62% and a negative net margin of 0.42%.

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.