Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 197.6% in September

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 150,900 shares, a growth of 197.6% from the September 15th total of 50,700 shares. Currently, 7.1% of the shares of the stock are short sold. Based on an average trading volume of 6,840,000 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 6,840,000 shares, the short-interest ratio is currently 0.0 days. Currently, 7.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms have weighed in on IPDN. Weiss Ratings restated a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Professional Diversity Network to a “hold” rating in a research report on Saturday, September 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Professional Diversity Network has a consensus rating of “Sell”.

Professional Diversity Network Stock Down 3.4%

Shares of NASDAQ IPDN opened at $3.67 on Tuesday. The firm has a 50-day simple moving average of $3.62 and a 200-day simple moving average of $2.44. The stock has a market capitalization of $15.16 million, a price-to-earnings ratio of -2.50 and a beta of 2.21. Professional Diversity Network has a 52 week low of $0.97 and a 52 week high of $12.39.

Professional Diversity Network (NASDAQ:IPDN) last issued its earnings results on Thursday, August 14th. The information services provider reported ($0.23) EPS for the quarter. The business had revenue of $1.64 million during the quarter. Professional Diversity Network had a negative net margin of 37.18% and a negative return on equity of 65.71%.

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).