DigiAsia Corp. (NASDAQ:FAAS) Short Interest Up 24.1% in December

DigiAsia Corp. (NASDAQ:FAAS) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 590,200 shares, a growth of 24.1% from the November 30th total of 475,500 shares. Approximately 18.3% of the company’s shares are sold short. Based on an average daily volume of 791,400 shares, the days-to-cover ratio is currently 0.7 days.

DigiAsia Price Performance

FAAS traded down $0.22 during mid-day trading on Tuesday, hitting $0.93. 385,797 shares of the stock were exchanged, compared to its average volume of 291,437. The firm’s fifty day moving average is $0.74 and its two-hundred day moving average is $2.03. DigiAsia has a 1-year low of $0.38 and a 1-year high of $13.99.

DigiAsia Company Profile

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.