Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Increases By 201.1%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 91,303 shares, a growth of 201.1% from the December 31st total of 30,326 shares. Based on an average daily trading volume, of 99,342 shares, the short-interest ratio is currently 0.9 days. Approximately 1.9% of the company’s stock are short sold. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 99,342 shares, the short-interest ratio is currently 0.9 days.

Professional Diversity Network Price Performance

Shares of IPDN stock opened at $1.06 on Thursday. The firm has a fifty day moving average of $1.47 and a two-hundred day moving average of $2.54. The firm has a market cap of $5.17 million, a P/E ratio of -0.53 and a beta of 1.91. Professional Diversity Network has a 1-year low of $0.96 and a 1-year high of $12.39.

Professional Diversity Network (NASDAQ:IPDN) last issued its quarterly earnings results on Friday, November 14th. The information services provider reported ($0.83) EPS for the quarter. The company had revenue of $1.73 million for the quarter. Professional Diversity Network had a negative return on equity of 81.86% and a negative net margin of 67.01%.

Wall Street Analysts Forecast Growth

IPDN has been the subject of several recent analyst reports. Wall Street Zen downgraded Professional Diversity Network from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Professional Diversity Network in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc (NASDAQ:IPDN) is a provider of online career marketplace platforms designed to connect underrepresented talent with employment opportunities across various industries. Through its flagship PDN network, the company facilitates targeted recruiting solutions for organizations seeking to build more diverse and inclusive workforces. Its services include employer-branded career sites, targeted job advertising and custom recruitment campaigns tailored to attract diverse candidates, including women, minorities, veterans, people with disabilities and LGBTQ+ professionals.

The company’s portfolio encompasses a series of specialty job boards and career networks, each focused on specific demographic segments.