Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 71,382 shares, an increase of 159.2% from the September 30th total of 27,541 shares. Based on an average daily volume of 6,322,620 shares, the days-to-cover ratio is currently 0.0 days. Currently, 10.8% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Professional Diversity Network in a research note on Tuesday, September 1st. Wall Street Zen cut shares of Professional Diversity Network to a “strong sell” rating in a research report on Saturday, October 17th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.
View Our Latest Stock Analysis on Professional Diversity Network
Professional Diversity Network Trading Up 0.5%
IPDN stock traded up $0.01 during mid-day trading on Thursday, reaching $1.98. The company’s stock had a trading volume of 20,057 shares, compared to its average volume of 3,636,161. The company has a market cap of $1.33 million, a price-to-earnings ratio of -0.04 and a beta of 1.59. The business’s 50 day moving average price is $3.47 and its 200 day moving average price is $20.78. Professional Diversity Network has a 12 month low of $1.80 and a 12 month high of $111.90.
About Professional Diversity Network
Professional Diversity Network, Inc (NASDAQ: IPDN) operates online professional networking and career-development platforms focused on connecting diverse professionals with employers and employment opportunities. The company’s services are designed to support job seekers through professional networking, career resources and access to job listings, while helping employers reach specialized and underrepresented talent communities.
The company has historically operated brands and online communities serving groups such as women, Hispanic and Latino professionals, military personnel and LGBTQ+ professionals.
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