Professional Diversity Network, Inc. (NASDAQ:IPDN) Shares Shorted: Short Interest Down 46.3% in September

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 27,541 shares, a decrease of 46.3% from the September 15th total of 51,243 shares. Based on an average trading volume of 4,050,214 shares, the days-to-cover ratio is currently 0.0 days. Approximately 4.2% of the shares of the stock are short sold.

Professional Diversity Network Stock Down 2.6%

Shares of IPDN stock traded down $0.08 during trading hours on Wednesday, hitting $3.03. 22,136 shares of the company’s stock were exchanged, compared to its average volume of 704,237. The firm has a market cap of $2.03 million, a P/E ratio of -0.06 and a beta of 1.59. The firm has a 50 day moving average of $5.06 and a two-hundred day moving average of $15.35. Professional Diversity Network has a fifty-two week low of $2.94 and a fifty-two week high of $130.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Professional Diversity Network in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc is a workforce development and recruitment company that operates online platforms designed to connect employers with diverse professionals and job seekers. The company focuses on helping organizations strengthen their diversity hiring efforts while providing professionals with employment resources, career information and networking opportunities.

Its services have included online job listings, recruitment advertising, professional networking, career development resources and targeted outreach to groups that have historically been underrepresented in the workforce.