Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 33.6% in December

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 103,300 shares, a growth of 33.6% from the December 15th total of 77,300 shares. Based on an average trading volume of 181,300 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.3% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Professional Diversity Network in a research note on Thursday. They issued a “sell” rating for the company.

Professional Diversity Network Trading Down 4.3 %

Shares of Professional Diversity Network stock opened at $0.42 on Friday. The stock’s fifty day simple moving average is $0.59 and its 200 day simple moving average is $0.59. The company has a market capitalization of $6.11 million, a PE ratio of -2.09 and a beta of 13.45. Professional Diversity Network has a 12 month low of $0.38 and a 12 month high of $3.01.

About Professional Diversity Network

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).