Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Rises By 151.5%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 229,635 shares, an increase of 151.5% from the January 15th total of 91,303 shares. Based on an average trading volume of 309,293 shares, the days-to-cover ratio is currently 0.7 days. Approximately 4.8% of the company’s shares are short sold. Approximately 4.8% of the company’s shares are short sold. Based on an average trading volume of 309,293 shares, the days-to-cover ratio is currently 0.7 days.

Professional Diversity Network Stock Up 19.6%

IPDN traded up $0.28 on Thursday, reaching $1.69. 457,129 shares of the company traded hands, compared to its average volume of 201,971. The company has a market cap of $8.23 million, a P/E ratio of -0.85 and a beta of 1.89. Professional Diversity Network has a one year low of $0.96 and a one year high of $12.39. The firm has a fifty day simple moving average of $1.36 and a two-hundred day simple moving average of $2.44.

Professional Diversity Network (NASDAQ:IPDN) last issued its 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%.

Hedge Funds Weigh In On Professional Diversity Network

An institutional investor recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC increased its position in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,785 shares of the information services provider’s stock after buying an additional 15,625 shares during the period. Geode Capital Management LLC owned about 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent quarter. 27.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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