Short Interest in Diginex Limited (NASDAQ:DGNX) Decreases By 21.3%

Diginex Limited (NASDAQ:DGNX) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,932,408 shares, a decline of 21.3% from the February 26th total of 2,456,570 shares. Based on an average daily volume of 1,924,613 shares, the short-interest ratio is presently 1.0 days. Currently, 1.1% of the shares of the stock are sold short.

Diginex Stock Performance

NASDAQ:DGNX opened at $0.46 on Friday. The company has a 50-day moving average of $0.81 and a 200-day moving average of $8.23. Diginex has a twelve month low of $0.44 and a twelve month high of $39.85.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on DGNX. Wall Street Zen lowered Diginex from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Diginex in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Diginex

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in shares of Diginex in the 3rd quarter worth $38,000. Bank of America Corp DE boosted its position in shares of Diginex by 625.0% in the 3rd 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 purchased a new position in Diginex in the 3rd quarter worth about $44,000. Quadrature Capital Ltd purchased a new position in Diginex in the 4th quarter worth about $74,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Diginex during the 4th 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.