Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 270.7% in August

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 469,004 shares, a growth of 270.7% from the July 30th total of 126,517 shares. Based on an average trading volume of 1,186,365 shares, the short-interest ratio is currently 0.4 days. Approximately 3.3% of the company’s stock are short sold.

Professional Diversity Network Trading Down 4.9%

Shares of NASDAQ:IPDN opened at $0.13 on Thursday. The stock has a fifty day simple moving average of $0.43 and a two-hundred day simple moving average of $0.83. Professional Diversity Network has a 12-month low of $0.12 and a 12-month high of $12.39. The stock has a market capitalization of $1.84 million, a price-to-earnings ratio of -0.07 and a beta of 1.61.

Professional Diversity Network (NASDAQ:IPDN) last released its earnings results on Friday, August 14th. The information services provider reported ($0.15) EPS for the quarter. Professional Diversity Network had a negative return on equity of 76.40% and a negative net margin of 143.98%.The company had revenue of $1.18 million during the quarter.

Institutional Trading of Professional Diversity Network

An institutional investor recently raised its position in Professional Diversity Network stock. Geode Capital Management LLC raised its position in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,785 shares of the information services provider’s stock after purchasing an additional 15,625 shares during the quarter. Geode Capital Management LLC owned 0.55% of Professional Diversity Network worth $31,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Professional Diversity Network in a report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently 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.