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

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 9,800 shares, a growth of 197.0% from the December 15th total of 3,300 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 1.2 days.

Destiny Media Technologies Price Performance

Shares of DSNY stock opened at $0.65 on Tuesday. Destiny Media Technologies has a 12 month low of $0.52 and a 12 month high of $1.15. The company’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $0.84.

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.