Professional Diversity Network, Inc. (NASDAQ:IPDN) Shares Shorted: Short Interest Down 46.3% in September

Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 27,541 shares, a drop of 46.3% from the September 15th total of 51,243 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 4,050,214 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on IPDN

Professional Diversity Network Stock Down 3.2%

Shares of NASDAQ:IPDN traded down $0.09 during midday trading on Thursday, reaching $2.75. The company’s stock had a trading volume of 36,791 shares, compared to its average volume of 701,125. The firm has a market cap of $1.84 million, a price-to-earnings ratio of -0.05 and a beta of 1.59. The business has a 50 day moving average price of $4.86 and a 200 day moving average price of $15.12. Professional Diversity Network has a 1 year low of $2.65 and a 1 year high of $129.00.

Professional Diversity Network Company Profile

(Get Free Report)

Professional Diversity Network, Inc is a workforce development and recruitment company that operates online platforms designed to connect employers with diverse professionals and job seekers. The company focuses on helping organizations strengthen their diversity hiring efforts while providing professionals with employment resources, career information and networking opportunities.

Its services have included online job listings, recruitment advertising, professional networking, career development resources and targeted outreach to groups that have historically been underrepresented in the workforce.

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