Diginex Limited (NASDAQ:DGNX) Short Interest Up 49.0% in February

Diginex Limited (NASDAQ:DGNX) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 3,004,944 shares, an increase of 49.0% from the January 29th total of 2,016,841 shares. Based on an average trading volume of 3,613,109 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 3,613,109 shares, the days-to-cover ratio is presently 0.8 days.

Diginex Stock Performance

Shares of NASDAQ DGNX opened at $0.63 on Friday. The stock’s 50 day moving average price is $2.39 and its two-hundred day moving average price is $9.29. Diginex has a 52-week low of $0.52 and a 52-week high of $39.85.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Diginex from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Diginex in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Diginex

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 1,748 shares during the period. Bank of America Corp DE grew 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 buying an additional 2,500 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Diginex during the 3rd quarter valued at about $38,000. Quarry LP acquired a new stake in Diginex during the third quarter worth about $44,000. Finally, Armistice Capital LLC bought a new position in Diginex in the third quarter worth about $144,000.

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.