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

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

Destiny Media Technologies Stock Down 2.4 %

Shares of DSNY traded down $0.03 during trading hours on Tuesday, hitting $1.08. The company had a trading volume of 15,001 shares, compared to its average volume of 6,342. The firm has a market cap of $10.61 million, a P/E ratio of 110.60 and a beta of 1.06. The stock’s 50 day moving average price is $1.06 and its 200 day moving average price is $1.03. 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 released its quarterly earnings data on Monday, April 15th. The technology company reported ($0.01) EPS for the quarter. The company had revenue of $0.99 million during the quarter. Destiny Media Technologies had a return on equity of 5.74% and a net margin of 4.65%.

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.