Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 201.1% in January

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 91,303 shares, an increase of 201.1% from the December 31st total of 30,326 shares. Based on an average daily trading volume, of 99,342 shares, the short-interest ratio is currently 0.9 days. Approximately 1.9% of the company’s shares are short sold. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 99,342 shares, the short-interest ratio is currently 0.9 days.

Professional Diversity Network Trading Up 8.3%

Shares of IPDN stock opened at $1.17 on Friday. The company has a market cap of $5.71 million, a PE ratio of -0.59 and a beta of 1.91. The company’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $2.52. Professional Diversity Network has a 52 week low of $0.96 and a 52 week high of $12.39.

Professional Diversity Network (NASDAQ:IPDN) last announced its quarterly 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 business had revenue of $1.73 million for the quarter.

Analyst Ratings Changes

IPDN has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Professional Diversity Network in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Professional Diversity Network presently has a consensus rating of “Sell”.

Professional Diversity Network Company Profile

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.