Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 151.5% in January

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 229,635 shares, an increase of 151.5% from the January 15th total of 91,303 shares. Based on an average trading volume of 309,293 shares, the short-interest ratio is currently 0.7 days. Currently, 4.8% of the company’s stock are sold short. Currently, 4.8% of the company’s stock are sold short. Based on an average trading volume of 309,293 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Professional Diversity Network

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC increased its holdings in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 0.55% of Professional Diversity Network worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.75% of the stock is currently owned by hedge funds and other institutional investors.

Professional Diversity Network Trading Up 19.6%

Shares of NASDAQ:IPDN traded up $0.28 during trading on Thursday, reaching $1.69. The stock had a trading volume of 457,129 shares, compared to its average volume of 201,971. The firm’s 50-day simple moving average is $1.36 and its 200 day simple moving average is $2.44. Professional Diversity Network has a one year low of $0.96 and a one year high of $12.39. The company has a market capitalization of $8.23 million, a P/E ratio of -0.85 and a beta of 1.89.

Professional Diversity Network (NASDAQ:IPDN) last posted its earnings results on Friday, November 14th. The information services provider reported ($0.83) EPS for the quarter. The firm had revenue of $1.73 million for the quarter. Professional Diversity Network had a negative net margin of 67.01% and a negative return on equity of 81.86%.

About Professional Diversity Network

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.