Diginex Limited (NASDAQ:DGNX) Short Interest Down 87.3% in April

Diginex Limited (NASDAQ:DGNX) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 339,621 shares, a decrease 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 short-interest ratio is presently 0.3 days. Approximately 1.3% of the shares of the stock are sold short.

Institutional Trading of Diginex

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in Diginex during the fourth quarter worth about $345,000. Jane Street Group LLC acquired a new stake in Diginex during the fourth quarter worth about $253,000. UBS Group AG increased its stake in Diginex by 562.8% during the third quarter. UBS Group AG now owns 46,141 shares of the company’s stock worth $664,000 after acquiring an additional 39,179 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Diginex during the fourth quarter worth about $91,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Diginex during the fourth quarter worth about $86,000.

Diginex Stock Down 2.0%

Shares of NASDAQ:DGNX traded down $0.03 on Tuesday, hitting $1.21. The company had a trading volume of 515,782 shares, compared to its average volume of 545,951. Diginex has a 52-week low of $1.20 and a 52-week high of $318.84. The business has a 50 day moving average of $3.88 and a 200 day moving average of $38.89.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Diginex in a report on Monday, April 20th. Wall Street Zen downgraded 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, the stock has a consensus rating of “Sell”.

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.