Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Expands By 270.7%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 469,004 shares, a growth of 270.7% from the July 30th total of 126,517 shares. Based on an average daily trading volume, of 1,186,365 shares, the short-interest ratio is presently 0.4 days. Approximately 3.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Professional Diversity Network in a report on Thursday, June 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Professional Diversity Network currently has an average rating of “Sell”.

Hedge Funds Weigh In On Professional Diversity Network

An institutional investor recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC raised its position in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,785 shares of the information services provider’s stock after buying an additional 15,625 shares during the quarter. Geode Capital Management LLC owned about 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent quarter. 27.75% of the stock is owned by institutional investors and hedge funds.

Professional Diversity Network Stock Performance

Professional Diversity Network stock opened at $0.13 on Thursday. Professional Diversity Network has a fifty-two week low of $0.12 and a fifty-two week high of $12.39. The stock’s 50 day simple moving average is $0.43 and its two-hundred day simple moving average is $0.83. The stock has a market cap of $1.84 million, a price-to-earnings ratio of -0.07 and a beta of 1.61.

Professional Diversity Network (NASDAQ:IPDN) last announced its earnings results on Friday, August 14th. The information services provider reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $1.18 million during the quarter. Professional Diversity Network had a negative return on equity of 76.40% and a negative net margin of 143.98%.

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.