Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 40.6% in February

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 322,954 shares, a growth of 40.6% from the January 29th total of 229,635 shares. Currently, 6.8% of the shares of the stock are short sold. Based on an average trading volume of 233,599 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 233,599 shares, the days-to-cover ratio is presently 1.4 days. Currently, 6.8% of the shares of the stock are short sold.

Institutional Trading of Professional Diversity Network

An institutional investor recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC lifted its holdings in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,785 shares of the information services provider’s stock after purchasing an additional 15,625 shares during the quarter. Geode Capital Management LLC owned about 0.55% of Professional Diversity Network worth $31,000 as of its most recent SEC filing. 27.75% of the stock is currently owned by institutional investors.

Professional Diversity Network Price Performance

Shares of NASDAQ IPDN opened at $1.20 on Monday. The firm’s 50-day moving average is $1.35 and its two-hundred day moving average is $2.42. The company has a market capitalization of $5.86 million, a PE ratio of -0.60 and a beta of 1.85. Professional Diversity Network has a 12-month low of $0.96 and a 12-month high of $12.39.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IPDN shares. Wall Street Zen cut shares of 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.com, the stock presently has a consensus 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.