Stingray Group Inc. (OTCMKTS:STGYF) Short Interest Up 48.2% in December

Stingray Group Inc. (OTCMKTS:STGYF) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 19,260 shares, a growth of 48.2% from the December 15th total of 13,000 shares. Based on an average trading volume of 151 shares, the days-to-cover ratio is presently 127.5 days. Based on an average trading volume of 151 shares, the days-to-cover ratio is presently 127.5 days.

Wall Street Analysts Forecast Growth

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

Stingray Group Price Performance

OTCMKTS:STGYF opened at C$10.67 on Friday. The company’s 50 day moving average is C$10.30 and its 200-day moving average is C$8.36. Stingray Group has a 12 month low of C$5.85 and a 12 month high of C$10.81.

About Stingray Group

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.