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

Diginex Limited (NASDAQ:DGNX) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 1,263,821 shares, a growth of 143.9% from the June 15th total of 518,110 shares. Currently, 5.0% of the shares of the company are short sold. Based on an average daily volume of 7,563,801 shares, the short-interest ratio is presently 0.2 days.

Diginex Stock Performance

Shares of DGNX traded up $0.01 during mid-day trading on Tuesday, reaching $1.17. The stock had a trading volume of 119,200 shares, compared to its average volume of 1,251,057. Diginex has a 12 month low of $0.85 and a 12 month high of $318.84. The business has a fifty day moving average of $1.12 and a 200 day moving average of $7.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Diginex has a consensus rating of “Sell”.

Institutional Investors Weigh In On Diginex

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new stake in Diginex during the third quarter valued at about $38,000. Bank of America Corp DE lifted its holdings in 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 in the last quarter. Quarry LP bought a new position in Diginex in the 3rd quarter worth approximately $44,000. Armistice Capital LLC bought a new stake in shares of Diginex during the third quarter valued at approximately $144,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Diginex in the third quarter worth $168,000.

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.