Destiny Media Technologies Inc. (OTCMKTS:DSNY) Short Interest Down 45.5% in May

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

Destiny Media Technologies Stock Performance

OTCMKTS DSNY opened at $0.70 on Monday. Destiny Media Technologies has a 1-year low of $0.24 and a 1-year high of $0.81. The company has a market capitalization of $6.75 million, a PE ratio of -7.00 and a beta of 0.35. The firm’s fifty day simple moving average is $0.69 and its 200-day simple moving average is $0.58.

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

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.