Short Interest in Diginex Limited (NASDAQ:DGNX) Decreases By 37.1%

Diginex Limited (NASDAQ:DGNXGet Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 795,351 shares, a decrease of 37.1% from the June 30th total of 1,263,821 shares. Based on an average trading volume of 948,684 shares, the short-interest ratio is currently 0.8 days. Approximately 3.2% of the company’s shares are short sold.

Diginex Price Performance

Shares of DGNX opened at $1.53 on Friday. The company’s 50-day simple moving average is $1.17 and its 200-day simple moving average is $4.09. Diginex has a 1 year low of $0.85 and a 1 year high of $318.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on DGNX

Hedge Funds Weigh In On Diginex

Several institutional investors have recently modified their holdings of DGNX. NewEdge Advisors LLC purchased a new stake in shares of Diginex during the third quarter worth $38,000. Bank of America Corp DE boosted its holdings in Diginex by 625.0% in the third quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after purchasing an additional 2,500 shares during the period. Quarry LP acquired a new position in Diginex during the 3rd quarter worth $44,000. Quadrature Capital Ltd acquired a new position in Diginex during the 4th quarter worth $74,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Diginex during the 4th quarter worth about $86,000.

Diginex Company Profile

(Get Free Report)

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.

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