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

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,975 shares, a decrease of 65.6% from the July 15th total of 5,744 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,692 shares, the days-to-cover ratio is currently 1.2 days.

Destiny Media Technologies Price Performance

Shares of OTCMKTS DSNY opened at $0.39 on Friday. The firm’s 50-day moving average price is $0.58 and its two-hundred day moving average price is $0.60. Destiny Media Technologies has a 52-week low of $0.24 and a 52-week high of $0.81. The stock has a market capitalization of $3.76 million, a P/E ratio of -3.55 and a beta of 0.38.

Destiny Media Technologies (OTCMKTS:DSNY) last posted its earnings results on Tuesday, July 14th. The technology company reported ($0.02) EPS for the quarter. The company had revenue of $1.04 million for the quarter. Destiny Media Technologies had a negative net margin of 24.31% and a negative return on equity of 39.01%.

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.