Destiny Media Technologies Inc. (OTCMKTS:DSNY) Shares Shorted: Short Interest Up 3,030.3% in October

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 5,165 shares, a growth of 3,030.3% from the October 15th total of 165 shares. Based on an average daily volume of 2,575 shares, the short-interest ratio is currently 2.0 days. Approximately 0.1% of the shares of the company are sold short.

Destiny Media Technologies Stock Performance

DSNY remained flat at $0.50 during midday trading on Tuesday. The business’s fifty day moving average price is $0.54 and its 200 day moving average price is $0.58. Destiny Media Technologies has a 1 year low of $0.24 and a 1 year high of $0.81. The firm has a market capitalization of $4.82 million, a PE ratio of -4.55 and a beta of 0.41.

Destiny Media Technologies Company Profile

Destiny Media Technologies Inc. is a Vancouver, British Columbia-based software company that develops digital media delivery and distribution technologies. Its products have primarily served the music and entertainment industries, with an emphasis on secure, efficient online delivery of audio and video content. The company’s principal product is Play MPE, a digital music distribution platform designed to help record labels, artists, promoters and other music professionals deliver promotional releases to authorized recipients.