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

Diginex Limited (NASDAQ:DGNX) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,263,821 shares, an increase of 143.9% from the June 15th total of 518,110 shares. Approximately 5.0% of the shares of the stock are short sold. Based on an average daily volume of 7,563,801 shares, the days-to-cover ratio is currently 0.2 days.

Diginex Stock Performance

Shares of DGNX traded down $0.03 during trading hours on Thursday, hitting $1.16. 173,699 shares of the company were exchanged, compared to its average volume of 1,238,137. The firm has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $6.79. Diginex has a one year low of $0.85 and a one year high of $318.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Diginex has an average rating of “Sell”.

Institutional Investors Weigh In On Diginex

A number of large investors have recently made changes to their positions in the company. Engineers Gate Manager LP purchased a new stake in shares of Diginex in the 4th quarter valued at approximately $91,000. Jane Street Group LLC acquired a new position in shares of Diginex in the 4th quarter valued at about $253,000. Goldman Sachs Group Inc. purchased a new stake in Diginex in the 4th quarter worth approximately $86,000. Armistice Capital LLC purchased a new position in shares of Diginex during the 3rd quarter valued at $144,000. Finally, PharVision Advisers LLC acquired a new position in shares of Diginex in the third quarter worth $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.