Professional Diversity Network, Inc. (NASDAQ:IPDN) Sees Significant Drop in Short Interest

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 67,200 shares, a decrease of 28.7% from the January 31st total of 94,200 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 250,800 shares, the short-interest ratio is currently 0.3 days.

Professional Diversity Network Stock Down 11.7 %

Shares of IPDN stock traded down $0.04 during mid-day trading on Monday, reaching $0.27. 514,606 shares of the company’s stock traded hands, compared to its average volume of 383,630. The company’s 50-day moving average price is $0.41 and its 200-day moving average price is $0.57. The company has a market cap of $4.83 million, a P/E ratio of -1.33 and a beta of 12.61. Professional Diversity Network has a 12 month low of $0.25 and a 12 month high of $2.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Professional Diversity Network in a research report on Tuesday, February 25th. 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).