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

Key Points

• Short interest in Diginex fell by 21.3% in March to 1,932,408 shares (about 1.1% of shares short), leaving a short‑interest ratio of 1.0 days based on average daily volume.
• Shares opened at $0.46 and were trading down 5.6%, sitting near a 12‑month low of $0.44 with a 50‑day SMA of $0.81 and 200‑day SMA of $8.23, reflecting steep price decline and volatility.
• Analysts hold a consensus Sell rating after recent downgrades, while several institutional investors (e.g., Geode, UBS, Bank of America) have increased or initiated positions; most recent quarter showed ($0.02) EPS on $1.02M revenue.

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

Diginex Trading Down 5.6%

Shares of NASDAQ DGNX opened at $0.46 on Friday. Diginex has a 12-month low of $0.44 and a 12-month high of $39.85. The stock has a 50 day simple moving average of $0.81 and a 200-day simple moving average of $8.23.

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

Institutional Investors Weigh In On Diginex

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Diginex by 10.0% in the second quarter. Geode Capital Management LLC now owns 19,315 shares of the company's stock worth $994,000 after purchasing an additional 1,748 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in Diginex during the 3rd quarter valued at about $230,000. UBS Group AG raised its position in shares of Diginex by 562.8% during the 3rd quarter. UBS Group AG now owns 46,141 shares of the company's stock worth $664,000 after buying an additional 39,179 shares in the last quarter. Bank of America Corp DE lifted its stake 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 worth $42,000 after acquiring an additional 2,500 shares during the period. Finally, Quarry LP acquired a new stake in shares of Diginex in the 3rd quarter worth approximately $44,000.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Diginex from a "hold" rating to a "sell" rating in a 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.com, Diginex has a consensus rating of "Sell".

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.

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