Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 71,382 shares, a growth of 159.2% from the September 30th total of 27,541 shares. Approximately 10.8% of the company’s stock are short sold. Based on an average daily volume of 6,322,620 shares, the days-to-cover ratio is currently 0.0 days.
Professional Diversity Network Trading Down 8.1%
NASDAQ:IPDN traded down $0.16 during mid-day trading on Friday, hitting $1.82. 11,079 shares of the company’s stock were exchanged, compared to its average volume of 666,543. The company has a 50 day simple moving average of $3.47 and a 200-day simple moving average of $20.78. Professional Diversity Network has a fifty-two week low of $1.80 and a fifty-two week high of $96.90. The firm has a market capitalization of $1.22 million, a P/E ratio of -0.04 and a beta of 1.59.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Professional Diversity Network in a research note on Tuesday, September 1st. Wall Street Zen cut Professional Diversity Network to a “strong sell” rating in a research report on Saturday, October 17th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on Professional Diversity Network
Professional Diversity Network Company Profile
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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