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

Diginex Limited (NASDAQ:DGNX) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,016,841 shares, a growth of 169.7% from the January 15th total of 747,828 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 7,411,297 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 7,411,297 shares, the short-interest ratio is currently 0.3 days. Currently, 1.1% of the company’s shares are sold short.

Diginex Stock Performance

DGNX stock traded down $0.00 during mid-day trading on Friday, hitting $0.60. 2,440,086 shares of the company were exchanged, compared to its average volume of 5,546,046. Diginex has a 1-year low of $0.52 and a 1-year high of $39.85. The firm’s 50 day simple moving average is $3.77 and its 200 day simple moving average is $9.73.

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

Institutional Trading of Diginex

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in Diginex in the fourth quarter valued at $253,000. Goldman Sachs Group Inc. bought a new stake in Diginex during the 4th quarter worth about $86,000. Tudor Investment Corp ET AL acquired a new position in shares of Diginex during the 3rd quarter worth about $168,000. NewEdge Advisors LLC bought a new position in shares of Diginex in the 3rd quarter valued at about $38,000. Finally, Armistice Capital LLC acquired a new stake in shares of Diginex in the third quarter valued at about $144,000.

Wall Street Analyst Weigh In

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