Diginex Limited (NASDAQ:DGNX) Short Interest Down 37.1% in July

Diginex Limited (NASDAQ:DGNX) 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 daily trading volume, of 948,684 shares, the short-interest ratio is currently 0.8 days. Approximately 3.2% of the company’s stock are short sold.

Diginex Trading Up 17.7%

Diginex stock traded up $0.28 during mid-day trading on Thursday, hitting $1.82. 6,564,120 shares of the company’s stock were exchanged, compared to its average volume of 1,239,415. Diginex has a 1-year low of $0.85 and a 1-year high of $318.84. The stock has a 50 day moving average of $1.14 and a two-hundred day moving average of $4.27.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Diginex currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DGNX. Geode Capital Management LLC raised its stake in shares of Diginex by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock valued at $994,000 after acquiring an additional 1,748 shares in the last quarter. UBS Group AG boosted its position in Diginex by 562.8% during 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. Bank of America Corp DE grew its holdings in Diginex by 625.0% during 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 last quarter. Quarry LP acquired a new position in Diginex during the third quarter valued at approximately $44,000. Finally, PharVision Advisers LLC bought a new position in shares of Diginex in the third quarter valued at approximately $262,000.

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.