Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 168.5% in November

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 90,500 shares, an increase of 168.5% from the November 15th total of 33,700 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 130,600 shares, the days-to-cover ratio is currently 0.7 days.

Professional Diversity Network Stock Performance

Shares of NASDAQ:IPDN traded up $0.00 on Friday, reaching $0.56. 11,932 shares of the company’s stock were exchanged, compared to its average volume of 93,462. The company has a fifty day moving average of $0.80 and a 200-day moving average of $0.61. Professional Diversity Network has a twelve month low of $0.42 and a twelve month high of $3.01.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Professional Diversity Network in a report on Saturday, December 7th. They set a “sell” rating for the company.

About Professional Diversity Network

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).