Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Down 38.2% in December

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 60,599 shares, a drop of 38.2% from the November 30th total of 98,094 shares. Based on an average trading volume of 34,467 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.3% of the shares of the stock are short sold. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 34,467 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IPDN. 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 research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Professional Diversity Network has a consensus rating of “Sell”.

Professional Diversity Network Trading Down 11.3%

Shares of Professional Diversity Network stock traded down $0.15 during trading hours on Tuesday, reaching $1.18. The stock had a trading volume of 130,147 shares, compared to its average volume of 51,468. The firm has a market capitalization of $5.76 million, a price-to-earnings ratio of -0.59 and a beta of 2.03. Professional Diversity Network has a 1 year low of $0.97 and a 1 year high of $12.39. The firm has a 50 day simple moving average of $2.11 and a two-hundred day simple moving average of $2.68.

Professional Diversity Network (NASDAQ:IPDN) last posted its earnings results on Friday, November 14th. The information services provider reported ($0.83) earnings per share (EPS) for the quarter. The business 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%.

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.