Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Expands By 33.6%

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 103,300 shares, an increase of 33.6% from the December 15th total of 77,300 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 181,300 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Professional Diversity Network in a research note on Thursday. They issued a “sell” rating on the stock.

Professional Diversity Network Stock Performance

Shares of Professional Diversity Network stock opened at $0.42 on Friday. The stock’s 50 day simple moving average is $0.59 and its 200-day simple moving average is $0.59. Professional Diversity Network has a 1-year low of $0.38 and a 1-year high of $3.01.

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).