Short Interest in Destiny Media Technologies Inc. (OTCMKTS:DSNY) Drops By 45.5%

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 5,745 shares, a decline of 45.5% from the May 14th total of 10,545 shares. Based on an average daily volume of 1,693 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.1% of the company’s stock are sold short.

Destiny Media Technologies Price Performance

Shares of OTCMKTS:DSNY traded down $0.08 during trading hours on Tuesday, hitting $0.62. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 4,964. Destiny Media Technologies has a 52 week low of $0.24 and a 52 week high of $0.81. The company has a market capitalization of $6.01 million, a price-to-earnings ratio of -6.23 and a beta of 0.35. The firm’s fifty day moving average price is $0.69 and its 200 day moving average price is $0.58.

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

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.