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

Diginex Limited (NASDAQ:DGNX) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 747,489 shares, a growth of 120.1% from the April 30th total of 339,621 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 815,936 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Diginex from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Diginex currently has a consensus rating of “Sell”.

Diginex Stock Down 20.0%

Shares of NASDAQ:DGNX traded down $0.29 during midday trading on Monday, reaching $1.16. The company’s stock had a trading volume of 1,267,605 shares, compared to its average volume of 645,865. The firm has a 50 day moving average price of $2.88 and a two-hundred day moving average price of $25.32. Diginex has a fifty-two week low of $0.89 and a fifty-two week high of $318.84.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in Diginex during the 4th quarter worth approximately $74,000. Millennium Management LLC acquired a new position in Diginex during the 4th quarter worth approximately $345,000. Engineers Gate Manager LP acquired a new position in Diginex during the 4th quarter worth approximately $91,000. Jane Street Group LLC acquired a new position in Diginex during the 4th quarter worth approximately $253,000. Finally, Goldman Sachs Group Inc. acquired a new position in Diginex during the 4th quarter worth approximately $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.