Short Interest in Stingray Group Inc. (OTCMKTS:STGYF) Grows By 48.2%

Stingray Group Inc. (OTCMKTS:STGYF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 19,260 shares, a growth of 48.2% from the December 15th total of 13,000 shares. Based on an average daily trading volume, of 151 shares, the short-interest ratio is presently 127.5 days. Based on an average daily trading volume, of 151 shares, the short-interest ratio is presently 127.5 days.

Stingray Group Price Performance

Shares of OTCMKTS:STGYF remained flat at C$10.67 on Friday. Stingray Group has a 1-year low of C$5.85 and a 1-year high of C$10.81. The stock has a fifty day moving average price of C$10.30 and a two-hundred day moving average price of C$8.35.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reissued an “outperform” rating on shares of Stingray Group in a report on Monday, October 27th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Stingray Group Company Profile

Stingray Group is a Montreal-based music, media and technology company founded in 2007 by Eric Boyko and Alexandre Taillefer. Originally launched as a digital audio service provider, the company has expanded its offerings to encompass a broad suite of music and video content solutions for both consumer and business markets.

The company’s core activities include the creation and distribution of music streams, curated audio channels and video programming. Stingray’s products are delivered through cable and satellite operators, mobile and smart-TV applications, as well as in-store music and digital signage platforms.