Professional Diversity Network, Inc. (NASDAQ:IPDN) Stock Short Interest Climbs 159.2%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 71,382 shares, an increase of 159.2% from the September 30th total of 27,541 shares. Based on an average daily trading volume, of 6,322,620 shares, the short-interest ratio is currently 0.0 days. Approximately 10.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

IPDN has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Professional Diversity Network in a research report on Tuesday, September 1st. Wall Street Zen cut shares of Professional Diversity Network to a “strong sell” rating in a research note on Saturday, October 17th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Professional Diversity Network has a consensus rating of “Sell”.

Professional Diversity Network Trading Down 8.1%

Shares of NASDAQ:IPDN traded down $0.16 during trading on Friday, reaching $1.82. The company had a trading volume of 11,079 shares, compared to its average volume of 3,634,544. Professional Diversity Network has a 12 month low of $1.80 and a 12 month high of $96.90. The company has a fifty day moving average of $3.38 and a two-hundred day moving average of $20.62. The stock has a market capitalization of $1.21 million, a P/E ratio of -0.04 and a beta of 1.59.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc (NASDAQ: IPDN) operates online professional networking and career-development platforms focused on connecting diverse professionals with employers and employment opportunities. The company’s services are designed to support job seekers through professional networking, career resources and access to job listings, while helping employers reach specialized and underrepresented talent communities.

The company has historically operated brands and online communities serving groups such as women, Hispanic and Latino professionals, military personnel and LGBTQ+ professionals.