Professional Diversity Network, Inc. (NASDAQ:IPDN) Sees Significant Decline in Short Interest

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 280,586 shares, a drop of 40.2% from the August 15th total of 469,004 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,594,326 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Professional Diversity Network Trading Up 12.4%

NASDAQ:IPDN traded up $0.38 on Thursday, hitting $3.44. The company’s stock had a trading volume of 742,613 shares, compared to its average volume of 117,750. Professional Diversity Network has a one year low of $2.96 and a one year high of $152.10. The stock has a fifty day moving average of $8.35 and a two-hundred day moving average of $20.00. The firm has a market capitalization of $1.65 million, a P/E ratio of -0.07 and a beta of 1.55.

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.