Short Interest in Destiny Media Technologies Inc. (OTCMKTS:DSNY) Increases By 104.2%

Destiny Media Technologies Inc. (OTCMKTS:DSNY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 4,900 shares, an increase of 104.2% from the September 15th total of 2,400 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is currently 0.5 days.

Destiny Media Technologies Stock Up 11.5%

Shares of DSNY stock opened at $0.37 on Tuesday. The firm has a 50 day moving average of $0.41 and a 200-day moving average of $0.48. Destiny Media Technologies has a 52 week low of $0.26 and a 52 week high of $1.02. The company has a market cap of $3.55 million, a price-to-earnings ratio of -7.36 and a beta of 1.00.

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.