DigiAsia Corp. (NASDAQ:FAAS) Short Interest Up 32.8% in March

DigiAsia Corp. (NASDAQ:FAAS) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 378,600 shares, an increase of 32.8% from the February 28th total of 285,100 shares. Based on an average daily volume of 557,000 shares, the short-interest ratio is presently 0.7 days. Currently, 3.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DigiAsia stock. Toronto Dominion Bank purchased a new stake in shares of DigiAsia Corp. (NASDAQ:FAAS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $38,000. Toronto Dominion Bank owned about 0.47% of DigiAsia as of its most recent SEC filing. Institutional investors own 19.18% of the company’s stock.

DigiAsia Trading Down 1.9 %

Shares of FAAS traded down $0.01 during mid-day trading on Monday, reaching $0.26. The company had a trading volume of 124,745 shares, compared to its average volume of 364,475. The company’s 50-day moving average is $0.52 and its 200-day moving average is $0.86. DigiAsia has a twelve month low of $0.26 and a twelve month high of $10.68.

DigiAsia Company Profile

DigiAsia Corp. operates as a financial technology frim. The company was founded by Alexander Steven Rusli on October 23, 2017 and is headquartered in Singapore.