Professional Diversity Network, Inc. (NASDAQ:IPDN) Shares Shorted: Short Interest Up 159.2% in October

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 71,382 shares, an increase of 159.2% from the September 30th total of 27,541 shares. Based on an average daily volume of 6,322,620 shares, the short-interest ratio is presently 0.0 days. Currently, 10.8% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of brokerages have recently commented on IPDN. Weiss Ratings reissued a “sell (e+)” rating on shares of Professional Diversity Network in a research note on Tuesday, September 1st. Wall Street Zen downgraded Professional Diversity Network to a “strong sell” rating in a research note on Saturday, October 17th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Professional Diversity Network presently has a consensus rating of “Sell”.

Professional Diversity Network Price Performance

Shares of Professional Diversity Network stock traded up $0.01 during trading on Thursday, hitting $1.98. The company’s stock had a trading volume of 20,057 shares, compared to its average volume of 3,636,161. The stock has a market cap of $1.33 million, a price-to-earnings ratio of -0.04 and a beta of 1.59. Professional Diversity Network has a 52 week low of $1.80 and a 52 week high of $111.90. The stock has a 50-day moving average price of $3.47 and a two-hundred day moving average price of $20.78.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc (NASDAQ: IPDN) operates online professional networking and career-development platforms focused on connecting diverse professionals with employers and employment opportunities. The company’s services are designed to support job seekers through professional networking, career resources and access to job listings, while helping employers reach specialized and underrepresented talent communities.

The company has historically operated brands and online communities serving groups such as women, Hispanic and Latino professionals, military personnel and LGBTQ+ professionals.