Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Free Report) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 280,586 shares, a drop of 40.2% from the August 15th total of 469,004 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 2,594,326 shares, the days-to-cover ratio is currently 0.1 days.
Professional Diversity Network Stock Performance
IPDN stock traded down $0.27 during mid-day trading on Wednesday, hitting $3.06. The company had a trading volume of 83,736 shares, compared to its average volume of 115,724. The firm has a market cap of $1.47 million, a PE ratio of -0.06 and a beta of 1.55. Professional Diversity Network has a 12 month low of $2.96 and a 12 month high of $152.10. The stock’s fifty day moving average price is $0.42 and its two-hundred day moving average price is $0.72.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Professional Diversity Network in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.
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