Destiny Media Technologies Inc. (OTCMKTS:DSNY) Short Interest Up 44.8% in October

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 4,200 shares, an increase of 44.8% from the October 15th total of 2,900 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.9 days.

Destiny Media Technologies Stock Performance

Shares of OTCMKTS DSNY traded down $0.08 during midday trading on Friday, hitting $0.94. 100 shares of the stock traded hands, compared to its average volume of 6,294. The business has a 50 day moving average price of $0.82 and a two-hundred day moving average price of $0.88. The company has a market cap of $9.03 million, a PE ratio of 93.75 and a beta of 0.94. Destiny Media Technologies has a one year low of $0.56 and a one year high of $1.15.

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.