Diginex Limited (NASDAQ:DGNX) Short Interest Update

Key Points

• Short interest in Diginex fell by 18.2% to 2,456,570 shares as of Feb. 27, equal to about 1.3% of shares and a days‑to‑cover ratio of 0.6.
• Shares trade near $0.58, well below the 50‑day ($1.32) and 200‑day ($8.79) moving averages, with a one‑year range of $0.52 to $39.85.
• Analysts hold a consensus Sell rating after recent downgrades, even as institutions like Geode, UBS and Bank of America have increased or initiated positions.

Diginex Limited (NASDAQ:DGNX - Get Free Report) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 2,456,570 shares, a decrease of 18.2% from the February 12th total of 3,004,944 shares. Based on an average trading volume of 4,115,039 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.3% of the shares of the stock are short sold. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 4,115,039 shares, the days-to-cover ratio is currently 0.6 days.

Diginex Price Performance

Shares of NASDAQ DGNX opened at $0.58 on Friday. The firm has a fifty day moving average of $1.32 and a 200 day moving average of $8.79. Diginex has a one year low of $0.52 and a one year high of $39.85.

Diginex (NASDAQ:DGNX - Get Free Report) last posted its quarterly earnings data on Tuesday, December 9th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.02 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in Diginex by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company's stock worth $994,000 after buying an additional 1,748 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Diginex during the third quarter valued at approximately $230,000. UBS Group AG raised its holdings in shares of Diginex by 562.8% during the third quarter. UBS Group AG now owns 46,141 shares of the company's stock valued at $664,000 after acquiring an additional 39,179 shares during the last quarter. 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. Finally, Quarry LP acquired a new stake in shares of Diginex in the third quarter worth approximately $44,000.

Analysts Set New Price Targets

DGNX has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (e+)" rating on shares of Diginex in a research note on Wednesday, January 21st. Wall Street Zen downgraded Diginex from a "hold" rating to a "sell" rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

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.

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