Stingray Group Inc. (OTCMKTS:STGYF) Short Interest Up 68.6% in January

Stingray Group Inc. (OTCMKTS:STGYF) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 32,469 shares, an increase of 68.6% from the December 31st total of 19,260 shares. Based on an average daily trading volume, of 22 shares, the days-to-cover ratio is currently 1,475.9 days. Based on an average daily trading volume, of 22 shares, the days-to-cover ratio is currently 1,475.9 days.

Wall Street Analysts Forecast Growth

Separately, National Bankshares restated an “outperform” rating on shares of Stingray Group in a research note on Monday, October 27th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Stingray Group Stock Performance

STGYF opened at C$10.75 on Friday. The company has a fifty day moving average price of C$10.54 and a 200-day moving average price of C$8.61. Stingray Group has a one year low of C$5.85 and a one year high of C$10.98.

About Stingray Group

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.