Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Down 44.6% in March

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 171,815 shares, a decrease of 44.6% from the February 26th total of 310,285 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 110,033 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Professional Diversity Network

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC raised its position in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,785 shares of the information services provider’s stock after acquiring an additional 15,625 shares during the quarter. Geode Capital Management LLC owned approximately 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.75% of the company’s stock.

Professional Diversity Network Stock Performance

IPDN remained flat at $1.18 during midday trading on Friday. The company’s stock had a trading volume of 40,381 shares, compared to its average volume of 92,347. Professional Diversity Network has a 1-year low of $0.96 and a 1-year high of $12.39. The company’s 50-day moving average is $1.35 and its two-hundred day moving average is $2.06. The stock has a market capitalization of $5.76 million, a P/E ratio of -0.59 and a beta of 1.86.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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.