Stingray Group Inc. (OTCMKTS:STGYF) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Stingray Group Stock Performance

OTCMKTS STGYF opened at C$10.75 on Friday. The stock has a 50 day moving average price of C$10.54 and a 200-day moving average price of C$8.60. Stingray Group has a one year low of C$5.85 and a one year high of C$10.98.

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.