Diginex Limited (NASDAQ:DGNX) Sees Large Growth in Short Interest

Diginex Limited (NASDAQ:DGNX) saw a large increase in short interest in the month of 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. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 7,411,297 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 7,411,297 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.1% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, January 21st. Wall Street Zen downgraded Diginex from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Diginex Stock Down 1.2%

Shares of DGNX stock traded down $0.01 on Friday, reaching $0.59. 2,004,067 shares of the company were exchanged, compared to its average volume of 4,588,391. The business has a 50-day moving average price of $3.93 and a 200 day moving average price of $9.78. Diginex has a 1 year low of $0.52 and a 1 year high of $39.85.

Diginex (NASDAQ:DGNX) last announced 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.

Institutional Investors Weigh In On Diginex

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of Diginex in the 4th quarter valued at about $253,000. UBS Group AG raised its holdings in Diginex by 562.8% in the third quarter. UBS Group AG now owns 46,141 shares of the company’s stock valued at $664,000 after acquiring an additional 39,179 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Diginex in the fourth quarter worth approximately $86,000. Geode Capital Management LLC grew its holdings in Diginex by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after acquiring an additional 1,748 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new stake in shares of Diginex in the 3rd quarter valued at approximately $262,000.

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.