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

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

Wall Street Analysts Forecast Growth

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

Professional Diversity Network Trading Down 4.3 %

Shares of IPDN stock opened at $0.42 on Friday. The firm’s fifty day moving average price is $0.59 and its two-hundred day moving average price is $0.59. Professional Diversity Network has a 1 year low of $0.38 and a 1 year high of $3.01. The firm has a market capitalization of $6.11 million, a P/E ratio of -2.09 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).