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

by · The Cerbat Gem

Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 51,243 shares, a drop of 81.7% from the August 31st total of 280,586 shares. Based on an average trading volume of 1,829,984 shares, the short-interest ratio is presently 0.0 days. Currently, 7.7% of the company’s shares are short sold.

Professional Diversity Network Trading Up 7.9%

Shares of Professional Diversity Network stock traded up $0.33 on Friday, hitting $4.50. 3,557,517 shares of the company traded hands, compared to its average volume of 3,034,936. The company has a market cap of $3.00 million, a PE ratio of -0.09 and a beta of 1.55. The stock’s 50 day moving average price is $6.92 and its 200-day moving average price is $18.51. Professional Diversity Network has a 52 week low of $2.96 and a 52 week high of $141.23.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Professional Diversity Network in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Read Our Latest Report on IPDN

Professional Diversity Network Company Profile

(Get Free Report)

Professional Diversity Network, Inc is a workforce development and professional networking company that connects diverse job seekers with employers, career opportunities, educational resources, and professional communities. Its services are designed to support individuals from historically underrepresented groups, including women, veterans, people with disabilities, and racial and ethnic minorities.

The company operates online career and networking platforms, including Professional Diversity Network and iHispano, which provide job listings, recruitment services, career information, networking opportunities, and related content.

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