Diginex Limited (NASDAQ:DGNX) Short Interest Up 143.9% in June

Diginex Limited (NASDAQ:DGNX) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,263,821 shares, an increase of 143.9% from the June 15th total of 518,110 shares. Based on an average trading volume of 7,563,801 shares, the short-interest ratio is currently 0.2 days. Approximately 5.0% of the company’s stock are sold short.

Institutional Trading of Diginex

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC purchased a new position in Diginex in the fourth quarter worth about $345,000. Jane Street Group LLC bought a new position in shares of Diginex in the 4th quarter worth approximately $253,000. UBS Group AG boosted its holdings in shares of 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 buying an additional 39,179 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Diginex during the fourth quarter valued at approximately $91,000. Finally, Goldman Sachs Group Inc. bought a new position in Diginex in the fourth quarter worth approximately $86,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Diginex Trading Up 1.3%

Shares of NASDAQ:DGNX traded up $0.01 during midday trading on Tuesday, reaching $1.17. 119,200 shares of the company’s stock traded hands, compared to its average volume of 1,251,057. Diginex has a one year low of $0.85 and a one year high of $318.84. The stock has a 50 day moving average of $1.12 and a 200 day moving average of $7.60.

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.