Destiny Media Technologies Inc. (OTCMKTS:DSNY) Stock Short Interest Declines 90.9%

Destiny Media Technologies Inc. (OTCMKTS:DSNY) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 165 shares, a decrease of 90.9% from the September 30th total of 1,820 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 945 shares, the days-to-cover ratio is currently 0.2 days.

Destiny Media Technologies Stock Performance

Destiny Media Technologies stock remained flat at $0.50 during midday trading on Monday. The company has a market cap of $4.82 million, a P/E ratio of -4.55 and a beta of 0.41. Destiny Media Technologies has a 52-week low of $0.24 and a 52-week high of $0.81. The stock’s 50 day moving average is $0.57 and its 200-day moving average is $0.61.

Destiny Media Technologies Company Profile

Destiny Media Technologies Inc is a Canadian software company that develops digital media distribution and delivery solutions. Based in Vancouver, British Columbia, the company has focused on tools that help media professionals securely distribute, manage and access digital audio and video content.

Its principal product has been Play MPE, a digital music delivery and promotion platform designed for record labels, artists, radio stations and other music-industry participants. The service supports the distribution of pre-release and promotional music to authorized recipients, helping labels and promoters manage digital servicing campaigns and track content delivery.

Destiny Media has also developed Clipstream, a browser-based video technology intended to simplify online video distribution without requiring users to install separate software or browser plug-ins.