Why is Ideanomics stock down 35%?

On April 20, Nasdaq notified Ideanomics that it was in violation of continued listing requirements due to its stock trading below 10 cents. IDEX stock is down more than 35% year-to-date (YTD). What’s going on with Ideanomics (NASDAQ: IDEX) today?

Should you buy Ideanomics stock?

That being said, if you like the ideas behind Ideanomics, then IDEX stock might deserve a place in your long-term portfolio. The company is involved with more than one business sector, so you’ll definitely want to read up on what Ideanomics has been up to lately.

Why did Ideanomics sell short?

On April 20, Nasdaq notified Ideanomics that it was in noncompliance with continued listing standards due to having a stock price of 10 cents or less for 10 consecutive trading days, or from April 5 to April 19. Based on the most recent data, there were 83.67 million shares of IDEX sold short as of May 31.