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

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 4,200 shares, a growth of 44.8% from the October 15th total of 2,900 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is currently 0.9 days.

Destiny Media Technologies Trading Down 8.1 %

Destiny Media Technologies stock traded down $0.08 during mid-day trading on Friday, reaching $0.94. The company had a trading volume of 100 shares, compared to its average volume of 6,294. The business has a fifty day simple moving average of $0.82 and a 200 day simple moving average of $0.88. The company has a market cap of $9.03 million, a P/E ratio of 93.75 and a beta of 0.94. Destiny Media Technologies has a fifty-two week low of $0.56 and a fifty-two week high of $1.15.

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.