Short Interest in Diginex Limited (NASDAQ:DGNX) Grows By 31.5%

Key Points

• Short interest in Diginex rose by 31.5% to 474,272 shares as of Dec. 31, equal to about 0.3% of shares and a short-interest ratio of 1.0 days based on average volume.
• Institutions have been active: UBS boosted its position by 562.8% to 46,141 shares (~$664k), while Armistice, PharVision, Geode and Tudor also established or increased stakes.
• DGNX traded down to $2.12 (‑2.3%) on higher-than-average volume, sits well below its 50- and 200-day moving averages, and carries an average analyst rating of Sell.

Diginex Limited (NASDAQ:DGNX - Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 474,272 shares, a growth of 31.5% from the December 15th total of 360,550 shares. Approximately 0.3% of the company's shares are short sold. Based on an average daily volume of 467,308 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 467,308 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the company's shares are short sold.

Institutional Trading of Diginex

Large investors have recently bought and sold shares of the company. Armistice Capital LLC purchased a new stake in Diginex during the third quarter worth approximately $144,000. PharVision Advisers LLC acquired a new stake in Diginex in the third quarter valued at approximately $262,000. UBS Group AG lifted its position in shares of Diginex by 562.8% during the third quarter. UBS Group AG now owns 46,141 shares of the company's stock worth $664,000 after purchasing an additional 39,179 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Diginex by 10.0% in the second quarter. Geode Capital Management LLC now owns 19,315 shares of the company's stock valued at $994,000 after purchasing an additional 1,748 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in Diginex in the 3rd quarter valued at about $168,000.

Diginex Stock Down 2.3%

DGNX stock traded down $0.05 on Friday, hitting $2.12. The company's stock had a trading volume of 2,197,885 shares, compared to its average volume of 1,440,143. Diginex has a 1 year low of $0.45 and a 1 year high of $39.85. The firm has a 50 day moving average of $8.24 and a two-hundred day moving average of $10.67.

Wall Street Analysts Forecast Growth

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