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

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

Ideanomics Trading Up 1.9 %

Shares of NASDAQ:IDEX traded up $0.02 during mid-day trading on Monday, reaching $1.05. 226,873 shares of the company were exchanged, compared to its average volume of 437,814. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.42 and a quick ratio of 0.27. The firm has a market cap of $12.57 million, a price-to-earnings ratio of -0.02 and a beta of 0.54. The firm’s 50-day simple moving average is $0.96 and its 200 day simple moving average is $1.20. Ideanomics has a 1 year low of $0.75 and a 1 year high of $14.13.

Hedge Funds Weigh In On Ideanomics

An institutional investor recently bought a new position in Ideanomics stock. Jump Financial LLC purchased a new stake in Ideanomics, Inc. (NASDAQ:IDEX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,600 shares of the company’s stock, valued at approximately $26,000. Jump Financial LLC owned 0.09% of Ideanomics as of its most recent SEC filing. Hedge funds and other institutional investors 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.