Short Interest in Diginex Limited (NASDAQ:DGNX) Expands By 57.7%

Diginex Limited (NASDAQ:DGNX) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 747,828 shares, an increase of 57.7% from the December 31st total of 474,272 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 2,428,315 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 2,428,315 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Diginex Stock Performance

NASDAQ DGNX remained flat at $1.10 during midday trading on Friday. The company’s stock had a trading volume of 2,876,975 shares, compared to its average volume of 4,880,065. Diginex has a 1-year low of $1.03 and a 1-year high of $39.85. The firm has a 50 day simple moving average of $5.74 and a 200-day simple moving average of $10.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new stake in Diginex in the third quarter worth about $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 worth $42,000 after buying an additional 2,500 shares during the last quarter. Quarry LP acquired a new stake in shares of Diginex during the third quarter worth $44,000. Armistice Capital LLC acquired a new position in shares of Diginex in the 3rd quarter valued at $144,000. Finally, Tudor Investment Corp ET AL purchased a new position in Diginex in the 3rd quarter worth $168,000.

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.