Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Increases By 168.5%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 90,500 shares, a growth of 168.5% from the November 15th total of 33,700 shares. Based on an average daily volume of 130,600 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Professional Diversity Network in a report on Saturday, December 7th. They set a “sell” rating on the stock.

Professional Diversity Network Price Performance

Shares of NASDAQ:IPDN traded up $0.00 during midday trading on Friday, reaching $0.56. The company had a trading volume of 11,932 shares, compared to its average volume of 93,462. The business’s 50 day moving average price is $0.80 and its 200 day moving average price is $0.61. Professional Diversity Network has a 1-year low of $0.42 and a 1-year high of $3.01.

Professional Diversity Network Company Profile

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).