Diginex Limited (NASDAQ:DGNX) Short Interest Update

Diginex Limited (NASDAQ:DGNX) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 2,016,841 shares, an increase of 169.7% from the January 15th total of 747,828 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 7,411,297 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 7,411,297 shares, the short-interest ratio is presently 0.3 days. Approximately 1.1% of the company’s shares are sold short.

Diginex Price Performance

Shares of NASDAQ:DGNX traded down $0.00 during midday trading on Thursday, hitting $0.60. The company had a trading volume of 1,318,701 shares, compared to its average volume of 4,618,547. The business’s 50-day simple moving average is $4.10 and its 200-day simple moving average is $9.83. Diginex has a twelve month low of $0.52 and a twelve month high of $39.85.

Diginex (NASDAQ:DGNX) last issued its earnings results on Tuesday, December 9th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.02 million during the quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Diginex from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Diginex currently has a consensus rating of “Sell”.

Institutional Trading of Diginex

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC bought a new position in Diginex during the third quarter worth $38,000. Bank of America Corp DE raised its holdings in shares of Diginex by 625.0% in the third quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after purchasing an additional 2,500 shares during the last quarter. Quarry LP bought a new stake in shares of Diginex in the third quarter worth $44,000. Armistice Capital LLC bought a new position in Diginex in the third quarter valued at $144,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Diginex in the 3rd quarter valued at $168,000.

About Diginex

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.