Destiny Media Technologies Inc. (OTCMKTS:DSNY – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,975 shares, a decrease of 65.6% from the July 15th total of 5,744 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,692 shares, the days-to-cover ratio is currently 1.2 days.
Destiny Media Technologies Stock Performance
Shares of DSNY remained flat at $0.39 during mid-day trading on Friday. The company has a 50-day moving average of $0.58 and a two-hundred day moving average of $0.60. The stock has a market cap of $3.76 million, a price-to-earnings ratio of -3.55 and a beta of 0.38. Destiny Media Technologies has a 52 week low of $0.24 and a 52 week high of $0.81.
Destiny Media Technologies (OTCMKTS:DSNY – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The technology company reported ($0.02) earnings per share for the quarter. The company had revenue of $1.04 million during the quarter. Destiny Media Technologies had a negative return on equity of 39.01% and a negative net margin of 24.31%.
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.
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