Ideanomics, Inc. (NASDAQ:IDEX) Short Interest Up 28.1% in May

Ideanomics, Inc. (NASDAQ:IDEX) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,870,000 shares, an increase of 28.1% from the May 15th total of 1,460,000 shares. Currently, 19.3% of the company’s shares are short sold. Based on an average daily trading volume, of 357,400 shares, the short-interest ratio is currently 5.2 days.

Ideanomics Stock Up 3.9 %

Shares of NASDAQ IDEX traded up $0.04 during trading on Monday, hitting $1.07. 187,050 shares of the company traded hands, compared to its average volume of 437,470. The business’s fifty day moving average is $0.96 and its 200 day moving average is $1.20. Ideanomics has a fifty-two week low of $0.75 and a fifty-two week high of $14.13. The firm has a market capitalization of $12.81 million, a price-to-earnings ratio of -0.02 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.27 and a current ratio of 0.42.

Hedge Funds Weigh In On Ideanomics

An institutional investor recently bought a new position in Ideanomics stock. Jump Financial LLC bought a new position in shares of Ideanomics, Inc. (NASDAQ:IDEX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,600 shares of the company’s stock, valued at approximately $26,000. Jump Financial LLC owned approximately 0.09% of Ideanomics at the end of the most recent reporting period. Institutional investors and hedge funds own 4.41% of the company’s stock.

Ideanomics Company Profile

Ideanomics, Inc, through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia, Europe, and the United States. The company's Ideanomics Mobility business unit focuses on the commercial adoption of electric vehicles (EV) by commercial fleet operators.