Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Grows By 98.2%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 133,200 shares, an increase of 98.2% from the February 13th total of 67,200 shares. Based on an average daily trading volume, of 313,600 shares, the short-interest ratio is currently 0.4 days. Currently, 1.3% of the shares of the company are short sold.

Professional Diversity Network Trading Down 3.0 %

NASDAQ IPDN traded down $0.07 on Friday, hitting $2.29. 93,794 shares of the company traded hands, compared to its average volume of 17,097. The company has a market capitalization of $44.27 million, a price-to-earnings ratio of -11.45 and a beta of 11.25. The business’s 50 day moving average price is $0.45 and its 200-day moving average price is $0.58. Professional Diversity Network has a 52-week low of $1.76 and a 52-week high of $25.00.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Professional Diversity Network in a research report on Thursday. They set a “sell” rating on the stock.

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).