Destiny Media Technologies Inc. (OTCMKTS:DSNY) Short Interest Down 65.6% in July

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,975 shares, a decline of 65.6% from the July 15th total of 5,744 shares. Based on an average daily trading volume, of 1,692 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the shares of the stock are sold short.

Destiny Media Technologies Stock Performance

Destiny Media Technologies stock remained flat at $0.39 during midday trading on Friday. The company had a trading volume of 1,200 shares, compared to its average volume of 533. The business’s 50 day moving average price is $0.59 and its two-hundred day moving average price is $0.60. Destiny Media Technologies has a 52 week low of $0.24 and a 52 week high of $0.81. The company has a market cap of $3.76 million, a PE ratio of -3.55 and a beta of 0.38.

Destiny Media Technologies (OTCMKTS:DSNY) last posted its earnings results on Tuesday, July 14th. The technology company reported ($0.02) earnings per share for the quarter. Destiny Media Technologies had a negative return on equity of 39.01% and a negative net margin of 24.31%.The business had revenue of $1.04 million during the quarter.

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.