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

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

Professional Diversity Network Stock Up 0.5 %

NASDAQ:IPDN traded up $0.00 during mid-day trading on Friday, reaching $0.39. 109,247 shares of the stock were exchanged, compared to its average volume of 344,873. The stock has a market capitalization of $5.69 million, a P/E ratio of -1.95 and a beta of 13.45. Professional Diversity Network has a 1 year low of $0.36 and a 1 year high of $2.80. The company has a 50 day simple moving average of $0.51 and a 200-day simple moving average of $0.58.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Professional Diversity Network in a research note on Saturday. They issued a “sell” rating for the company.

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).