Professional Diversity Network, Inc. (NASDAQ:IPDN) Stock Short Interest Drops 81.7%

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 51,243 shares, a decrease of 81.7% from the August 31st total of 280,586 shares. Currently, 7.7% of the company’s shares are short sold. Based on an average trading volume of 1,829,984 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Professional Diversity Network in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Professional Diversity Network Stock Performance

Shares of Professional Diversity Network stock traded up $0.33 on Friday, reaching $4.50. The company had a trading volume of 3,557,517 shares, compared to its average volume of 3,034,936. The firm’s 50 day moving average price is $6.92 and its two-hundred day moving average price is $18.51. The firm has a market cap of $3.02 million, a PE ratio of -0.09 and a beta of 1.55. Professional Diversity Network has a 52-week low of $2.96 and a 52-week high of $141.23.

About Professional Diversity Network

Professional Diversity Network, Inc is a workforce development and professional networking company that connects diverse job seekers with employers, career opportunities, educational resources, and professional communities. Its services are designed to support individuals from historically underrepresented groups, including women, veterans, people with disabilities, and racial and ethnic minorities.

The company operates online career and networking platforms, including Professional Diversity Network and iHispano, which provide job listings, recruitment services, career information, networking opportunities, and related content.