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

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

Analyst Ratings Changes

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

Institutional Trading of Diginex

Several institutional investors have recently modified their holdings of DGNX. Geode Capital Management LLC boosted its stake in Diginex by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock valued at $994,000 after buying an additional 1,748 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Diginex during the third quarter valued at $230,000. UBS Group AG boosted its stake in shares of Diginex by 562.8% in the 3rd quarter. UBS Group AG now owns 46,141 shares of the company’s stock valued at $664,000 after purchasing an additional 39,179 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of 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 purchasing an additional 2,500 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Diginex during the 3rd quarter worth about $44,000.

Diginex Price Performance

DGNX stock remained flat at $1.10 during mid-day trading on Friday. The company’s stock had a trading volume of 2,876,975 shares, compared to its average volume of 4,897,797. Diginex has a 12 month low of $1.03 and a 12 month high of $39.85. The business’s fifty day moving average price is $5.74 and its two-hundred day moving average price is $10.27.

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.