Diginex Limited (NASDAQ:DGNX) Sees Large Drop in Short Interest

Diginex Limited (NASDAQ:DGNX) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 795,351 shares, a drop of 37.1% from the June 30th total of 1,263,821 shares. Based on an average daily trading volume, of 948,684 shares, the short-interest ratio is currently 0.8 days. Approximately 3.2% of the company’s shares are sold short.

Diginex Stock Performance

Shares of DGNX stock traded down $0.27 during trading hours on Friday, hitting $1.53. 1,968,818 shares of the company were exchanged, compared to its average volume of 1,256,760. The company has a 50 day simple moving average of $1.16 and a two-hundred day simple moving average of $4.11. Diginex has a fifty-two week low of $0.85 and a fifty-two week 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 report on Tuesday, June 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Diginex

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new position in shares of Diginex during the 3rd quarter worth about $44,000. Goldman Sachs Group Inc. bought a new position in Diginex in the fourth quarter worth approximately $86,000. Jane Street Group LLC acquired a new stake in Diginex in the fourth quarter valued at approximately $253,000. PharVision Advisers LLC bought a new stake in shares of Diginex during the third quarter valued at approximately $262,000. Finally, Millennium Management LLC bought a new stake in shares of Diginex during the fourth quarter valued at approximately $345,000.

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.