Shorts On Watch: Is Buying DESTINY MEDIA TECHNOLOGIES INCORPORATED (OTCMKTS:DSNY) Here Good Idea?

December 1, 2016 - By Marie Mckinney   ·   0 Comments

Shorts On Watch: Is Buying DESTINY MEDIA TECHNOLOGIES INCORPORATED (OTCMKTS:DSNY) Here Good Idea?

The stock of DESTINY MEDIA TECHNOLOGIES INCORPORATED (OTCMKTS:DSNY) registered a decrease of 31.25% in short interest. DSNY’s total short interest was 2,200 shares in December as published by FINRA. Its down 31.25% from 3,200 shares, reported previously. With 28,400 shares average volume, it will take short sellers 0 days to cover their DSNY’s short positions. The stock last traded at $0.18 per share. It is down 31.56% since April 28, 2016 and is downtrending. It has underperformed by 37.48% the S&P500.

Destiny Media Technologies, Inc. develops and markets services that enable the secure distribution of digital media content over the Internet. The company has a market cap of $13.21 million. The Company’s services are based around its security, watermarking and instant play streaming media technologies. It currently has negative earnings. The Company’s services and products are Play MPE and Clipstream.

DSNY Company Profile

Destiny Media Technologies Inc., incorporated on August 24, 1998, is a digital media company. The Company, through its subsidiaries develops and markets services that enable the distribution of digital media content over the Internet. The Company’s services are based on security, watermarking and playerless streaming media technologies. The Company’s product line includes: Play MPE, and Clipstream. Play MPE, is a digital delivery service for moving broadcast quality audio, video, images, promotional information and other digital content through the Internet. Clipstream, is based on technology which provides streaming video through the Internet directly on to devices and browsers and include engine technology, a cloud encoding and hosting service.

More recent Destiny Media Technologies Inc (OTCMKTS:DSNY) news were published by: Prnewswire.com which released: “Destiny Media Technologies, Inc. Announces Fourth Quarter and Fiscal Year 2016 …” on November 29, 2016. Also Prnewswire.com published the news titled: “Destiny Media Enters Reseller Agreement with Industry Leading Music …” on October 20, 2016. Prnewswire.com‘s news article titled: “Follett Acquires Baker & Taylor” with publication date: April 18, 2016 was also an interesting one.

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By Marie Mckinney


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