Short Interest in Diginex Limited (NASDAQ:DGNX) Decreases By 37.1%

Diginex Limited (NASDAQ:DGNX) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 795,351 shares, a drop of 37.1% from the June 30th total of 1,263,821 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily trading volume, of 948,684 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Diginex Stock Performance

Shares of DGNX stock traded up $0.28 during trading on Thursday, hitting $1.82. 6,564,120 shares of the company were exchanged, compared to its average volume of 1,239,415. The business’s 50-day simple moving average is $1.14 and its 200 day simple moving average is $4.27. Diginex has a twelve month low of $0.85 and a twelve month high of $318.84.

Hedge Funds Weigh In On Diginex

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in shares of Diginex in the third quarter worth $38,000. Bank of America Corp DE grew its stake in 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 in the last quarter. Quarry LP purchased a new position in Diginex in the third quarter valued at about $44,000. Quadrature Capital Ltd acquired a new position in Diginex in the 4th quarter worth about $74,000. Finally, Goldman Sachs Group Inc. acquired a new position in Diginex in the 4th quarter worth about $86,000.

Diginex Company Profile

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.