In March, Ideanomics acquired a 20 percent stake in Italian Energica Motor Company for a consideration of $13.2 million. Energica manufactures high-performance electric motorcycles. Ideanomics extends its global presence in the electric vehicle market with the investment in Energica.
Ideanomics stock has attracted short sellers’ attention over the last few weeks. According to Koyfin, the short interest in the stock totaled 31.17 million on March 31 compared to 25.14 million on March 22.
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