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

Diginex Limited (NASDAQ:DGNX) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 747,489 shares, an increase of 120.1% from the April 30th total of 339,621 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily volume of 815,936 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Diginex

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in Diginex during the 4th quarter worth approximately $345,000. Jane Street Group LLC acquired a new position in shares of Diginex in the fourth quarter valued at approximately $253,000. UBS Group AG boosted its holdings in shares of 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 buying an additional 39,179 shares during the period. Engineers Gate Manager LP bought a new stake in Diginex in the 4th quarter valued at $91,000. Finally, Goldman Sachs Group Inc. bought a new stake in Diginex in the 4th quarter valued at $86,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on DGNX shares. Weiss Ratings raised shares of Diginex from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Wall Street Zen lowered shares of Diginex from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Diginex Price Performance

DGNX traded up $0.04 during trading on Friday, reaching $1.47. 4,440,689 shares of the company’s stock were exchanged, compared to its average volume of 834,839. Diginex has a fifty-two week low of $0.89 and a fifty-two week high of $318.84. The company’s fifty day moving average price is $2.88 and its 200-day moving average price is $25.32.

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.