Short Interest in Diginex Limited (NASDAQ:DGNX) Drops By 87.3%

Diginex Limited (NASDAQ:DGNX) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 339,621 shares, a decline of 87.3% from the April 15th total of 2,670,812 shares. Based on an average daily volume of 1,290,589 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Trading of Diginex

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in Diginex during the third quarter worth $38,000. Bank of America Corp DE raised its position in shares of Diginex by 625.0% in the third quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after buying an additional 2,500 shares during the last quarter. Quarry LP acquired a new stake in shares of Diginex in the third quarter valued at about $44,000. Quadrature Capital Ltd acquired a new stake in shares of Diginex in the fourth quarter valued at about $74,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Diginex in the fourth quarter valued at about $86,000.

Diginex Trading Down 0.4%

Shares of NASDAQ DGNX traded down $0.01 during trading hours on Wednesday, hitting $1.20. 375,512 shares of the stock were exchanged, compared to its average volume of 1,014,184. The firm has a fifty day moving average price of $3.74 and a 200-day moving average price of $37.35. Diginex has a 12 month low of $1.15 and a 12 month high of $318.84.

Wall Street Analyst Weigh In

Several research firms have recently commented on DGNX. Weiss Ratings restated a “sell (e+)” rating on shares of Diginex in a report on Monday, April 20th. Wall Street Zen lowered shares of Diginex from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.