Short Interest in Destiny Media Technologies Inc. (OTCMKTS:DSNY) Grows By 11.5%

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,900 shares, a growth of 11.5% from the August 31st total of 2,600 shares. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is currently 0.2 days.

Destiny Media Technologies Stock Performance

Shares of Destiny Media Technologies stock opened at $0.77 on Tuesday. Destiny Media Technologies has a twelve month low of $0.56 and a twelve month high of $1.15. The stock has a market cap of $7.56 million, a price-to-earnings ratio of 77.01 and a beta of 0.96. The company has a fifty day moving average price of $0.84 and a 200 day moving average price of $0.93.

Destiny Media Technologies (OTCMKTS:DSNY) last issued its quarterly earnings data on Monday, July 15th. The technology company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $1.16 million during the quarter. Destiny Media Technologies had a net margin of 5.20% and a return on equity of 6.62%.

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.