Short Interest in Diginex Limited (NASDAQ:DGNX) Drops By 21.3%

Diginex Limited (NASDAQ:DGNX) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,932,408 shares, a decline of 21.3% from the February 26th total of 2,456,570 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 1,924,613 shares, the short-interest ratio is presently 1.0 days.

Diginex Trading Up 10.3%

DGNX traded up $0.05 during trading on Tuesday, hitting $0.49. 1,580,225 shares of the stock were exchanged, compared to its average volume of 3,600,323. Diginex has a 1-year low of $0.38 and a 1-year high of $39.85. The stock has a fifty day moving average price of $0.77 and a two-hundred day moving average price of $8.15.

Diginex (NASDAQ:DGNX) last released its quarterly earnings results on Tuesday, December 9th. The company reported ($0.02) EPS for the quarter. The company had revenue of $1.02 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Diginex by 10.0% during the second quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after buying an additional 1,748 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Diginex by 625.0% during the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after acquiring an additional 2,500 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Diginex during the 3rd quarter worth approximately $38,000. Quarry LP purchased a new position in Diginex in the 3rd quarter valued at approximately $44,000. Finally, Armistice Capital LLC acquired a new position in Diginex during the third quarter worth $144,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on DGNX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Diginex from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average 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.