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Eqonex Limited (NASDAQ:EQOS) Sees Significant Decrease in Short Interest

Defense World ·  Dec 3, 2022 16:51

Eqonex Limited (NASDAQ:EQOS – Get Rating) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 1,380,000 shares, a drop of 14.8% from the October 31st total of 1,620,000 shares. Currently, 4.1% of the company's shares are sold short. Based on an average trading volume of 773,300 shares, the short-interest ratio is currently 1.8 days.

Eqonex Stock Up 128.6 %

EQOS stock opened at $0.08 on Friday. The stock has a 50-day moving average price of $0.33 and a 200-day moving average price of $0.62. Eqonex has a 1-year low of $0.09 and a 1-year high of $4.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.08 and a quick ratio of 1.08.

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Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in shares of Eqonex by 184.2% in the 2nd quarter. Renaissance Technologies LLC now owns 88,659 shares of the company's stock worth $74,000 after acquiring an additional 57,459 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Eqonex by 11.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 554,466 shares of the company's stock worth $1,242,000 after acquiring an additional 59,045 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Eqonex in the 1st quarter worth about $36,000. Jane Street Group LLC bought a new position in shares of Eqonex in the 1st quarter worth about $35,000. Finally, Invesco Ltd. grew its stake in shares of Eqonex by 43.4% in the 1st quarter. Invesco Ltd. now owns 146,015 shares of the company's stock valued at $327,000 after buying an additional 44,179 shares during the period. 23.93% of the stock is owned by institutional investors.

Eqonex Company Profile

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Eqonex Limited operates as a digital assets financial services company. It operates through three divisions: Custody, Asset Management, and Brokerage. The company provides Digivault, a custody solution; Bletchley Park, a digital asset investment solution for institutional and professional investors; and EQONEX Investment products that issues securitized products.

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