Ideanomics Inc IDEXQ

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

[STOCKRUS]

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.

Dealing with the Short Reports

https://seekingalpha.com/article/4357177-ideanomics-fires-back-short-selling-reports-and-positive-signs