Professional Diversity Network, Inc. (NASDAQ:IPDN) Sees Large Growth in Short Interest

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 103,300 shares, an increase of 33.6% from the December 31st total of 77,300 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 181,300 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Professional Diversity Network in a research note on Friday, January 24th. They issued a “sell” rating for the company.

Professional Diversity Network Stock Performance

Shares of IPDN stock traded up $0.01 on Thursday, hitting $0.39. The company had a trading volume of 9,735 shares, compared to its average volume of 363,288. The stock’s 50-day moving average is $0.52 and its two-hundred day moving average is $0.58. Professional Diversity Network has a twelve month low of $0.36 and a twelve month high of $2.80. The firm has a market cap of $5.65 million, a P/E ratio of -1.93 and a beta of 13.45.

About Professional Diversity Network

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates through three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore).