Diginex (NASDAQ:DGNX) Shares Up 9.5% - Here's Why

Key Points

• Diginex Limited's stock price increased by 9.5%, reaching $10.95, despite a significant decline in trading volume.
• Wall Street Zen has upgraded Diginex to a "hold" rating, indicating a cautious outlook for the stock.
• Y Intercept Hong Kong Ltd has recently acquired a new stake in Diginex, purchasing 6,447 shares valued at approximately $572,000.

Diginex Limited (NASDAQ:DGNX - Get Free Report) traded up 9.5% during mid-day trading on Wednesday . The stock traded as high as $10.95 and last traded at $10.95. 236,374 shares traded hands during trading, a decline of 82% from the average session volume of 1,306,490 shares. The stock had previously closed at $10.00.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Diginex to a "hold" rating in a research report on Saturday, June 14th.

Diginex Stock Performance

The stock's fifty day moving average price is $8.52 and its two-hundred day moving average price is $9.90.

Hedge Funds Weigh In On Diginex

A hedge fund recently bought a new stake in Diginex stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Diginex Limited (NASDAQ:DGNX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,447 shares of the company's stock, valued at approximately $572,000.

About Diginex

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.