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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of Diginex during the 4th quarter valued at about $91,000. Jane Street Group LLC bought a new stake in shares of Diginex in the 4th quarter worth approximately $253,000. Goldman Sachs Group Inc. acquired a new stake in Diginex during the fourth quarter valued at approximately $86,000. Armistice Capital LLC acquired a new stake in Diginex during the third quarter valued at approximately $144,000. Finally, PharVision Advisers LLC bought a new stake in Diginex during the third quarter worth approximately $262,000.

Analyst Upgrades and Downgrades

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

Diginex Stock Down 0.4%

Shares of Diginex stock traded down $0.01 on Wednesday, reaching $1.16. 229,821 shares of the company were exchanged, compared to its average volume of 1,245,396. Diginex has a 1-year low of $0.85 and a 1-year high of $318.84. The company’s 50-day moving average is $1.11 and its two-hundred day moving average is $7.20.

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.