Diginex Limited (NASDAQ:DGNX) Short Interest Down 36.0% in September

Key Points

• Short interest in Diginex Limited (NASDAQ:DGNX) dropped by 36.0% in September, with a total of 309,600 shares sold short as of September 30th.
• The stock price of Diginex fell $1.88 to $13.32 during mid-day trading, with an average trading volume of 528,100 shares.
• Geode Capital Management increased its stake in Diginex by 10.0%, owning about 0.08% of the company worth $994,000 at the end of the previous quarter.

Diginex Limited (NASDAQ:DGNX - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 309,600 shares, a drop of 36.0% from the September 15th total of 483,800 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 528,100 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 528,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the company are sold short.

Diginex Stock Performance

Diginex stock traded down $1.88 during mid-day trading on Wednesday, hitting $13.32. 515,135 shares of the company were exchanged, compared to its average volume of 1,050,654. The business has a fifty day moving average of $13.42 and a 200 day moving average of $11.09. Diginex has a 1-year low of $0.45 and a 1-year high of $39.85.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Diginex stock. Geode Capital Management LLC increased its stake in shares of Diginex Limited (NASDAQ:DGNX - Free Report) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,315 shares of the company's stock after purchasing an additional 1,748 shares during the quarter. Geode Capital Management LLC owned about 0.08% of Diginex worth $994,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Diginex in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Diginex Company Profile

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.

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