Diginex (NASDAQ:DGNX) Shares Gap Up – Here’s Why

Diginex Limited (NASDAQ:DGNX) gapped up before the market opened on Monday . The stock had previously closed at $10.53, but opened at $11.64. Diginex shares last traded at $13.60, with a volume of 488,348 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Diginex presently has a consensus rating of “Sell”.

Diginex Stock Up 28.5%

The company’s 50 day moving average price is $16.27 and its 200 day moving average price is $11.22.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Diginex during the first quarter worth about $572,000. Baader Bank Aktiengesellschaft acquired a new position in Diginex during the third quarter worth about $230,000. Bank of America Corp DE increased its position in shares of 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 buying an additional 2,500 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Diginex by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after purchasing an additional 1,748 shares in the last quarter. Finally, UBS Group AG raised 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 acquiring an additional 39,179 shares during the last quarter.

About Diginex

DSL is the wholly owned subsidiary of Diginex Limited. Accordingly, Diginex Limited owns 100% of DSL and all of DSL’s business lines and subsidiaries. DSL is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.