Short Interest in DigiAsia Corp. (NASDAQ:FAAS) Rises By 32.8%

DigiAsia Corp. (NASDAQ:FAAS) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 378,600 shares, an increase of 32.8% from the February 28th total of 285,100 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average daily volume of 557,000 shares, the short-interest ratio is currently 0.7 days.

DigiAsia Stock Up 18.4 %

Shares of NASDAQ:FAAS traded up $0.04 during midday trading on Wednesday, reaching $0.27. 4,638,076 shares of the company’s stock were exchanged, compared to its average volume of 381,875. DigiAsia has a fifty-two week low of $0.23 and a fifty-two week high of $10.68. The firm’s 50 day simple moving average is $0.50 and its two-hundred day simple moving average is $0.85.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DigiAsia stock. Toronto Dominion Bank acquired a new position in shares of DigiAsia Corp. (NASDAQ:FAAS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,000 shares of the company’s stock, valued at approximately $38,000. Toronto Dominion Bank owned 0.47% of DigiAsia as of its most recent filing with the SEC. Institutional investors own 19.18% of the company’s stock.

DigiAsia Company Profile

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.