Destiny Media Technologies Inc. (OTCMKTS:DSNY) Short Interest Up 11.5% in September

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 2,900 shares, a growth of 11.5% from the August 31st total of 2,600 shares. Based on an average trading volume of 12,700 shares, the short-interest ratio is currently 0.2 days.

Destiny Media Technologies Stock Performance

OTCMKTS DSNY opened at $0.77 on Friday. The firm has a market capitalization of $7.56 million, a price-to-earnings ratio of 77.01 and a beta of 0.96. The firm’s 50 day simple moving average is $0.84 and its 200 day simple moving average is $0.94. Destiny Media Technologies has a 1 year low of $0.56 and a 1 year high of $1.15.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its earnings results on Monday, July 15th. The technology company reported $0.01 earnings per share for the quarter. Destiny Media Technologies had a net margin of 5.20% and a return on equity of 6.62%. The firm had revenue of $1.16 million for the quarter.

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.