Diginex Limited (NASDAQ:DGNX) Short Interest Up 27.1% in March

Diginex Limited (NASDAQ:DGNX) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,455,779 shares, an increase of 27.1% from the March 15th total of 1,932,408 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 1,531,323 shares, the days-to-cover ratio is presently 1.6 days.

Diginex Price Performance

Diginex stock opened at $0.51 on Friday. Diginex has a 12-month low of $0.38 and a 12-month high of $39.85. The firm has a 50 day moving average of $0.58 and a 200 day moving average of $7.01.

Diginex (NASDAQ:DGNX) last issued its quarterly earnings results on Tuesday, December 9th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $1.02 million for the quarter.

Wall Street Analyst Weigh In

DGNX has been the topic of several research reports. Wall Street Zen cut Diginex from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Diginex in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DGNX. NewEdge Advisors LLC purchased a new stake in Diginex in the 3rd quarter worth $38,000. Bank of America Corp DE lifted 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 acquiring an additional 2,500 shares in the last quarter. Quarry LP purchased a new position in shares of Diginex in the third quarter valued at about $44,000. Quadrature Capital Ltd bought a new position in shares of Diginex in the fourth quarter worth about $74,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Diginex during the fourth quarter worth about $86,000.

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.