Stingray Group Inc. (OTCMKTS:STGYF) Sees Significant Growth in Short Interest

Stingray Group Inc. (OTCMKTS:STGYF) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 6,900 shares, a growth of 56.8% from the December 15th total of 4,400 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 23.0 days.

Stingray Group Price Performance

Shares of Stingray Group stock remained flat at C$5.07 on Thursday. The company had a trading volume of 300 shares, compared to its average volume of 350. Stingray Group has a 52 week low of C$5.05 and a 52 week high of C$6.11. The firm’s 50 day moving average price is C$5.41 and its two-hundred day moving average price is C$5.50.

Stingray Group Company Profile

Stingray Group Inc operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres.