Ideanomics Inc IDEX

Industrials

Ideanomics, Inc. (Ideanomics) is focused on facilitating the adoption of commercial electric vehicles (EVs). The Company conducts its operations globally in one segment with three business units, including Ideanomics Mobility, Ideanomics Energy, and Ideanomics Capital. Ideanomics Mobility’s business unit focuses on electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. Ideanomics Energy’s business unit focuses on charging and energy-related products and services. Ideanomics Capital’s business unit focuses on providing financing support for the Company’s Mobility and Energy business units. Through its subsidiaries, VIA Motors International, Inc. and Wireless Advanced Vehicle Electrification, Inc., the Company offers an integrated EV and charging solution for commercial fleets. Its principal facilities include properties in North America, Europe and Asia for manufacturing and assembly, warehousing, engineering, retail and service locations.

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Ideanomics Inc

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Post by STOCKRUSon Jul 13, 2020 1:08am

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Post# 31258870

IDEX - Ideanomics Fires Back At Short-Selling Reports ...

Ideanomics Fires Back At Short-Selling Reports, And Other Positive Signs

Summary

Ideanomics has faced two short reports from Hindenburg and J Capital about the MEG center, and has responded to the claims accordingly with evidence.

Institutional investors have not only been holding Ideanomics but have been increasing positions, with major names holding over a million shares each.

Ideanomics conducts business by securing vehicles from its preferred relationships with manufacturers to financing those vehicles directly with fleet operators.

Clarity about the business model, responses to the short reports and evidence negating claims, and institutional investors doubling holdings shows positive signs.

A day after covering Ideanomics (IDEX) and the rush of orders that they had been receiving in regards to EV vehicle fulfillment, short reports by J Capital and Hindenburg Research surfaced, sending the stock spiraling down over 50% in two days. Mission accomplished for them, right? Those two made their money at the expense of the investors who have faith in the company in the long-term. Ideanomics has fired back at the two, providing details and supplementary evidence to refute the claims made in the short reports, as well as seeing increases in positions held by major institutional investors and clarity of the business model from speaking with a company representative, further fueling the positive outlook.