DigiAsia Corp. (NASDAQ:FAAS) Sees Significant Increase in Short Interest

DigiAsia Corp. (NASDAQ:FAAS) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 590,200 shares, an increase of 24.1% from the November 30th total of 475,500 shares. Approximately 18.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 791,400 shares, the short-interest ratio is presently 0.7 days.

DigiAsia Stock Performance

Shares of DigiAsia stock traded down $0.29 during midday trading on Tuesday, reaching $0.86. The company had a trading volume of 489,132 shares, compared to its average volume of 292,016. The stock has a fifty day simple moving average of $0.74 and a 200 day simple moving average of $2.03. DigiAsia has a 1-year low of $0.38 and a 1-year high of $13.99.

About DigiAsia

Digiasia Bios develops an application platform that offers digital payments, lending, and remittance services in Indonesia. It offers services under brands, such as KasPro, KreditPro, and RemitPro. Digiasia Bios was founded in 2017 and is based in Jakarta, Indonesia.