Professional Diversity Network, Inc. (NASDAQ:IPDN) Shares Shorted: Short Interest Down 46.3% in September

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 27,541 shares, a decline of 46.3% from the September 15th total of 51,243 shares. Based on an average daily trading volume, of 4,050,214 shares, the short-interest ratio is presently 0.0 days. Approximately 4.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Professional Diversity Network in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Professional Diversity Network Stock Performance

Shares of IPDN traded down $0.08 during trading hours on Wednesday, hitting $3.03. 22,136 shares of the stock were exchanged, compared to its average volume of 704,237. The stock’s 50-day moving average price is $5.06 and its two-hundred day moving average price is $15.35. Professional Diversity Network has a 12-month low of $2.94 and a 12-month high of $130.50. The company has a market cap of $2.03 million, a price-to-earnings ratio of -0.06 and a beta of 1.59.

About Professional Diversity Network

Professional Diversity Network, Inc is a workforce development and recruitment company that operates online platforms designed to connect employers with diverse professionals and job seekers. The company focuses on helping organizations strengthen their diversity hiring efforts while providing professionals with employment resources, career information and networking opportunities.

Its services have included online job listings, recruitment advertising, professional networking, career development resources and targeted outreach to groups that have historically been underrepresented in the workforce.