Why Ideanomics (IDEX) Shares Are Ripping Higher Wednesday
Portfolio Pulse from Erica Kollmann
Ideanomics (IDEX) shares are surging, with a 200% increase over the past 30 days. The company is expected to report earnings at the end of the month and has a notable short interest of 10.46%. Ideanomics has received multiple Nasdaq delinquency notices and is awaiting a decision from the Nasdaq Hearings Panel.
June 14, 2023 | 4:34 pm
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Ideanomics shares surge 200% in 30 days, with high short interest and pending Nasdaq Hearings Panel decision. Earnings report expected end of the month.
The surge in Ideanomics shares is driven by the significant upward momentum over the past 30 days, high short interest, and the pending decision from the Nasdaq Hearings Panel. The upcoming earnings report at the end of the month could also impact the stock price. These factors combined make it likely that the stock price will continue to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100