Why Shares of Ideanomics Are Falling Today
Shares of Ideanomics, Inc. (NASDAQ: IDEX) were plummeting today as investors reacted to a short-seller tweet by Hindenburg Research. The company's stock was down as much as 15.5% by midday.
As of 12:38 p.m. EDT, Ideanomics shares had fallen 13.5%.
Hindenburg Research, which specializes in finding publicly traded companies to short, sent out a tweet saying that it was short Ideanomics and that the company is "heading near its March lows of $0.30 if it somehow avoids a regulatory halt that could see its shares go lower."
Source Fool.com
