Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Update

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 17,300 shares, a decrease of 87.0% from the February 28th total of 133,200 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 40,500 shares, the days-to-cover ratio is currently 0.4 days.

Professional Diversity Network Stock Performance

NASDAQ IPDN traded down $0.08 on Wednesday, hitting $2.54. 11,009 shares of the stock were exchanged, compared to its average volume of 18,287. Professional Diversity Network has a 52-week low of $1.76 and a 52-week high of $21.70. The firm has a market capitalization of $4.90 million, a P/E ratio of -12.68 and a beta of 11.22. The stock has a fifty day moving average price of $3.29 and a two-hundred day moving average price of $5.38.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Professional Diversity Network in a report on Friday, March 21st. 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).