Stingray Group Inc. (OTCMKTS:STGYF) Short Interest Update

Stingray Group Inc. (OTCMKTS:STGYF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 13,000 shares, a decline of 55.7% from the November 30th total of 29,364 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Wall Street Analyst Weigh In

Separately, National Bankshares reissued an “outperform” rating on shares of Stingray Group in a research note on Monday, October 27th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Stingray Group Stock Performance

OTCMKTS STGYF remained flat at C$10.12 during mid-day trading on Friday. Stingray Group has a 52 week low of C$5.07 and a 52 week high of C$10.81. The company’s fifty day simple moving average is C$9.53 and its two-hundred day simple moving average is C$8.00.

Stingray Group Company Profile

Stingray Group is a Montreal-based music, media and technology company founded in 2007 by Eric Boyko and Alexandre Taillefer. Originally launched as a digital audio service provider, the company has expanded its offerings to encompass a broad suite of music and video content solutions for both consumer and business markets.

The company’s core activities include the creation and distribution of music streams, curated audio channels and video programming. Stingray’s products are delivered through cable and satellite operators, mobile and smart-TV applications, as well as in-store music and digital signage platforms.