Diginex Limited (NASDAQ:DGNX) Short Interest Update

Diginex Limited (NASDAQ:DGNX) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 2,456,570 shares, a decline of 18.2% from the February 12th total of 3,004,944 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 4,115,039 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 4,115,039 shares, the short-interest ratio is presently 0.6 days. Approximately 1.3% of the shares of the company are sold short.

Diginex Stock Up 3.9%

DGNX traded up $0.02 during trading on Monday, hitting $0.60. The company’s stock had a trading volume of 1,247,856 shares, compared to its average volume of 4,028,338. Diginex has a one year low of $0.52 and a one year high of $39.85. The business’s 50 day simple moving average is $1.32 and its 200-day simple moving average is $8.79.

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

Analyst Ratings Changes

DGNX has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Diginex in a report on Wednesday, January 21st. Wall Street Zen cut Diginex from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Diginex presently has an average rating of “Sell”.

Institutional Trading of Diginex

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC bought a new position in shares of Diginex in the third quarter worth about $38,000. Bank of America Corp DE increased its holdings in Diginex by 625.0% in the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock worth $42,000 after acquiring an additional 2,500 shares in the last quarter. Quarry LP purchased a new stake in Diginex in the 3rd quarter worth approximately $44,000. Quadrature Capital Ltd bought a new stake in Diginex during the 4th quarter worth approximately $74,000. Finally, Goldman Sachs Group Inc. purchased a new position in Diginex during the fourth quarter valued at approximately $86,000.

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.