Diginex Limited (NASDAQ:DGNX) Sees Large Increase in Short Interest

Diginex Limited (NASDAQ:DGNX) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 747,489 shares, a growth of 120.1% from the April 30th total of 339,621 shares. Based on an average daily volume of 815,936 shares, the days-to-cover ratio is presently 0.9 days. Currently, 3.0% of the shares of the company are sold short.

Diginex Price Performance

DGNX stock traded up $0.03 during trading on Tuesday, hitting $1.19. The company had a trading volume of 1,268,930 shares, compared to its average volume of 1,007,323. The company has a fifty day moving average price of $2.82 and a two-hundred day moving average price of $24.41. Diginex has a fifty-two week low of $0.89 and a fifty-two week high of $318.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Diginex from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Diginex currently has a consensus rating of “Sell”.

Institutional Trading of Diginex

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new stake in Diginex in the 3rd quarter valued at $38,000. Bank of America Corp DE boosted its stake in Diginex by 625.0% in 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 in the last quarter. Quarry LP acquired a new stake in Diginex in the 3rd quarter valued at $44,000. Armistice Capital LLC bought a new position in Diginex in the 3rd quarter valued at $144,000. Finally, Tudor Investment Corp ET AL bought a new position in Diginex in the 3rd quarter valued at $168,000.

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.