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

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large growth in short interest during 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. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 130,600 shares, the days-to-cover ratio is presently 0.7 days.

Professional Diversity Network Price Performance

Shares of NASDAQ IPDN remained flat at $0.56 during midday trading on Wednesday. The stock had a trading volume of 18,527 shares, compared to its average volume of 94,175. Professional Diversity Network has a 12-month low of $0.42 and a 12-month high of $3.01. The firm has a 50-day moving average price of $0.81 and a 200 day moving average price of $0.61. The firm has a market cap of $7.39 million, a PE ratio of -2.80 and a beta of 11.94.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Professional Diversity Network in a research report on Saturday. 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).