Destiny Media Technologies Inc. (OTCMKTS:DSNY) Sees Significant Drop in Short Interest

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,745 shares, a drop of 45.5% from the May 14th total of 10,545 shares. Based on an average daily volume of 1,693 shares, the short-interest ratio is currently 3.4 days. Currently, 0.1% of the shares of the stock are short sold.

Destiny Media Technologies Price Performance

DSNY opened at $0.70 on Friday. The stock has a market capitalization of $6.75 million, a price-to-earnings ratio of -7.00 and a beta of 0.34. Destiny Media Technologies has a twelve month low of $0.24 and a twelve month high of $0.81. The company has a 50-day simple moving average of $0.69 and a 200 day simple moving average of $0.58.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its quarterly earnings results on Tuesday, April 14th. The technology company reported ($0.03) earnings per share for the quarter. The firm had revenue of $1.00 million for the quarter. Destiny Media Technologies had a negative return on equity of 28.56% and a negative net margin of 20.68%.

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.