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

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 67,200 shares, a decrease of 28.7% from the January 31st total of 94,200 shares. Based on an average daily volume of 250,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.0% of the shares of the company are sold short.

Professional Diversity Network Stock Performance

Professional Diversity Network stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.24. The company’s stock had a trading volume of 185,038 shares, compared to its average volume of 431,095. The firm’s fifty day moving average price is $0.40 and its two-hundred day moving average price is $0.56. Professional Diversity Network has a 12-month low of $0.22 and a 12-month high of $2.50. The company has a market capitalization of $4.31 million, a P/E ratio of -1.18 and a beta of 12.61.

Wall Street Analyst Weigh In

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

Professional Diversity Network Company Profile

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).