Professional Diversity Network, Inc. (NASDAQ:IPDN) Sees Significant Decrease in Short Interest

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 67,200 shares, a drop of 28.7% from the January 31st total of 94,200 shares. Based on an average daily volume of 250,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Professional Diversity Network in a report on Tuesday, February 25th. They set a “sell” rating on the stock.

Professional Diversity Network Trading Down 4.3 %

NASDAQ IPDN traded down $0.01 during trading on Tuesday, reaching $0.25. 259,825 shares of the company’s stock were exchanged, compared to its average volume of 437,281. Professional Diversity Network has a fifty-two week low of $0.23 and a fifty-two week high of $2.50. The company’s fifty day simple moving average is $0.41 and its 200-day simple moving average is $0.57. The firm has a market capitalization of $4.47 million, a PE ratio of -1.22 and a beta of 12.61.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates through three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore).