Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Drops By 38.2%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 60,599 shares, a drop of 38.2% from the November 30th total of 98,094 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 34,467 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 34,467 shares, the short-interest ratio is currently 1.8 days. Approximately 1.3% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Professional Diversity Network in a research report on Monday, December 22nd. Wall Street Zen cut Professional Diversity Network from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Professional Diversity Network has a consensus rating of “Sell”.

Professional Diversity Network Stock Performance

Shares of NASDAQ IPDN traded down $0.09 during midday trading on Monday, reaching $1.33. 101,697 shares of the company traded hands, compared to its average volume of 47,773. Professional Diversity Network has a 12 month low of $0.97 and a 12 month high of $12.39. The stock’s 50-day simple moving average is $2.16 and its 200-day simple moving average is $2.69. The firm has a market cap of $6.49 million, a PE ratio of -0.67 and a beta of 2.03.

Professional Diversity Network (NASDAQ:IPDN) last posted its earnings results on Friday, November 14th. The information services provider reported ($0.83) earnings per share for the quarter. Professional Diversity Network had a negative return on equity of 81.86% and a negative net margin of 67.01%.The firm had revenue of $1.73 million during the quarter.

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.