Short Interest in DigiAsia Corp. (NASDAQ:FAAS) Grows By 29.5%

DigiAsia Corp. (NASDAQ:FAAS) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,580,000 shares, a growth of 29.5% from the May 15th total of 1,220,000 shares. Currently, 8.6% of the company’s shares are short sold. Based on an average trading volume of 17,030,000 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded DigiAsia to a “hold” rating in a research report on Friday, June 6th.

DigiAsia Trading Down 6.3%

Shares of NASDAQ FAAS opened at $0.59 on Thursday. DigiAsia has a 12-month low of $0.16 and a 12-month high of $8.49. The business’s fifty day simple moving average is $0.44 and its 200-day simple moving average is $0.52.

Institutional Trading of DigiAsia

A hedge fund recently bought a new stake in DigiAsia stock. XTX Topco Ltd purchased a new stake in DigiAsia Corp. (NASDAQ:FAAS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 109,526 shares of the company’s stock, valued at approximately $82,000. XTX Topco Ltd owned approximately 1.02% of DigiAsia at the end of the most recent reporting period. Institutional investors own 19.18% of the company’s stock.

About DigiAsia

DigiAsia Corp. operates as a financial technology frim. The company was founded by Alexander Steven Rusli on October 23, 2017 and is headquartered in Singapore.