Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Declines By 12.9%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totalling 237,600 shares, a decline of 12.9% from the July 15th total of 272,800 shares. Based on an average daily volume of 112,600 shares, the short-interest ratio is currently 2.1 days. Currently, 4.0% of the shares of the stock are short sold.

Professional Diversity Network Stock Up 5.3 %

Shares of NASDAQ IPDN traded up $0.02 during trading hours on Monday, reaching $0.48. 1,491 shares of the stock traded hands, compared to its average volume of 87,389. Professional Diversity Network has a 52-week low of $0.44 and a 52-week high of $3.01. The company’s 50-day simple moving average is $0.51 and its two-hundred day simple moving average is $1.22. The company has a market capitalization of $5.60 million, a P/E ratio of -1.26 and a beta of 13.11.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Professional Diversity Network in a research note on Saturday. They issued a “sell” rating on the stock.

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).