Diginex Limited (NASDAQ:DGNX) Short Interest Update

Diginex Limited (NASDAQ:DGNX) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 339,621 shares, a drop of 87.3% from the April 15th total of 2,670,812 shares. Based on an average trading volume of 1,290,589 shares, the short-interest ratio is presently 0.3 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Trading of Diginex

Several institutional investors have recently modified their holdings of DGNX. Millennium Management LLC bought a new stake in shares of Diginex during the fourth quarter valued at approximately $345,000. Jane Street Group LLC bought a new position in Diginex in the fourth quarter worth $253,000. UBS Group AG lifted its position in Diginex by 562.8% in the third quarter. UBS Group AG now owns 46,141 shares of the company’s stock worth $664,000 after purchasing an additional 39,179 shares during the period. Engineers Gate Manager LP bought a new stake in Diginex in the 4th quarter valued at $91,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Diginex in the 4th quarter valued at $86,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DGNX shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Diginex in a research note on Monday, April 20th. Wall Street Zen lowered 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, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Diginex Stock Down 20.8%

Shares of NASDAQ DGNX traded down $0.25 during mid-day trading on Thursday, hitting $0.95. The company had a trading volume of 3,199,204 shares, compared to its average volume of 573,120. Diginex has a 12 month low of $0.95 and a 12 month high of $318.84. The business’s 50-day simple moving average is $3.74 and its 200-day simple moving average is $37.35.

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.