Ideanomics Inc (NASDAQ:IDEX) Just Reported Decreased Shorts

The stock of Ideanomics Inc (NASDAQ:IDEX) registered a decrease of 4.88% in short interest. IDEX’s total short interest was 2.51M shares in September as published by FINRA. Its down 4.88% from 2.64M shares, reported previously. With 644,300 shares average volume, it will take short sellers 4 days to cover their IDEX’s short positions. The short interest to Ideanomics Inc’s float is 4.09%.

The stock increased 2.17% or $0.035 during the last trading session, reaching $1.645. About 501,922 shares traded. Ideanomics, Inc. (NASDAQ:IDEX) has declined 13.24% since September 13, 2018 and is downtrending. It has underperformed by 13.24% the S&P500.

Ideanomics, Inc. operates as a financial technology and asset digitization services company. The company has market cap of $213.89 million. It engages in the provision of business consulting services related to traditional financings, as well as in developing digital asset securitization services through artificial intelligence and blockchain enabled financial services platforms. It has a 16.13 P/E ratio. In addition, the firm engages in consumer electronics e-commerce and smart supply chain management operations, as well as in oil trading business.

More notable recent Ideanomics, Inc. (NASDAQ:IDEX) news were published by: Prnewswire.com which released: “Ideanomics Reveals Mobile Energy Group Activities; Provides General Market Update – PRNewswire” on August 26, 2019, also Benzinga.com with their article: “Mid-Day Market Update: MOGU Falls After Q1 Results; Arcadia Biosciences Shares Climb – Benzinga” published on August 26, 2019, Seekingalpha.com published: “Ideanomics: Simply Adding Blockchain And Fintech Won’t Make It Successful – Seeking Alpha” on July 22, 2019. More interesting news about Ideanomics, Inc. (NASDAQ:IDEX) were released by: Finance.Yahoo.com and their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ideanomics Inc. – IDEX – Yahoo Finance” published on July 16, 2019 as well as Globenewswire.com‘s news article titled: “ROSEN, A TOP RANKED LAW FIRM, Reminds Ideanomics, Inc. Investors of Important September 17th Deadline in Securities Class Action – IDEX – GlobeNewswire” with publication date: September 05, 2019.

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