DigiAsia Corp. (NASDAQ:FAAS) Short Interest Up 32.8% in March

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

Institutional Trading of DigiAsia

A hedge fund recently bought a new stake in DigiAsia stock. Toronto Dominion Bank bought a new position in shares of DigiAsia Corp. (NASDAQ:FAAS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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 SEC filing. Hedge funds and other institutional investors own 19.18% of the company’s stock.

DigiAsia Price Performance

FAAS traded up $0.04 during mid-day trading on Wednesday, hitting $0.27. 4,638,076 shares of the stock were exchanged, compared to its average volume of 381,875. The firm’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.85. DigiAsia has a 1-year low of $0.23 and a 1-year high of $10.68.

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.