Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Update

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large increase in short interest in 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. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 313,600 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

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

Professional Diversity Network Stock Down 3.0 %

NASDAQ IPDN opened at $2.29 on Friday. Professional Diversity Network has a 52 week low of $1.76 and a 52 week high of $25.00. The business’s fifty day simple moving average is $0.45 and its 200-day simple moving average is $0.58. The firm has a market cap of $44.27 million, a PE ratio of -11.45 and a beta of 11.25.

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).