Short Interest in Destiny Media Technologies Inc. (OTCMKTS:DSNY) Rises By 165.4%

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,900 shares, an increase of 165.4% from the February 28th total of 2,600 shares. Based on an average trading volume of 40,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Destiny Media Technologies Price Performance

DSNY stock traded up $0.06 during midday trading on Friday, reaching $0.46. The company had a trading volume of 100 shares, compared to its average volume of 14,258. The company has a market capitalization of $4.45 million, a price-to-earnings ratio of -46.20 and a beta of 0.92. Destiny Media Technologies has a 1-year low of $0.36 and a 1-year high of $1.15. The stock has a 50 day moving average price of $0.55 and a 200-day moving average price of $0.72.

Destiny Media Technologies (OTCMKTS:DSNY) last announced its quarterly earnings data on Tuesday, January 14th. The technology company reported $0.01 earnings per share 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.