Professional Diversity Network, Inc. (NASDAQ:IPDN) Sees Significant Drop in Short Interest

Professional Diversity Network, Inc. (NASDAQ:IPDNGet Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 280,586 shares, a drop of 40.2% from the August 15th total of 469,004 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,594,326 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Professional Diversity Network in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Stock Report on Professional Diversity Network

Professional Diversity Network Trading Down 4.1%

Professional Diversity Network stock traded down $0.14 during trading on Friday, hitting $3.30. 177,712 shares of the company were exchanged, compared to its average volume of 120,709. The company has a market capitalization of $1.59 million, a P/E ratio of -0.06 and a beta of 1.55. The business’s 50 day moving average is $8.09 and its 200 day moving average is $19.77. Professional Diversity Network has a 52 week low of $2.96 and a 52 week high of $152.10.

About Professional Diversity Network

(Get Free Report)

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.

Further Reading

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