Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Grows By 270.7%

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 469,004 shares, an increase of 270.7% from the July 30th total of 126,517 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,186,365 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Professional Diversity Network in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Professional Diversity Network

An institutional investor recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC lifted its holdings in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,785 shares of the information services provider’s stock after purchasing an additional 15,625 shares during the period. Geode Capital Management LLC owned approximately 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.75% of the company’s stock.

Professional Diversity Network Stock Performance

Shares of NASDAQ IPDN traded down $0.00 during trading on Friday, reaching $0.12. The stock had a trading volume of 284,904 shares, compared to its average volume of 340,236. Professional Diversity Network has a fifty-two week low of $0.11 and a fifty-two week high of $12.39. The business’s 50-day moving average price is $0.42 and its 200-day moving average price is $0.83. The company has a market cap of $1.78 million, a P/E ratio of -0.07 and a beta of 1.61.

Professional Diversity Network (NASDAQ:IPDN) last posted its earnings results on Friday, August 14th. The information services provider reported ($0.15) earnings per share (EPS) for the quarter. Professional Diversity Network had a negative return on equity of 76.40% and a negative net margin of 143.98%.The firm had revenue of $1.18 million for the quarter.

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.