Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Decreases By 50.0%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 30,326 shares, a decrease of 50.0% from the December 15th total of 60,599 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 81,108 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 81,108 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the stock are short sold.

Professional Diversity Network Stock Performance

NASDAQ IPDN traded up $0.02 on Thursday, hitting $1.16. 108,259 shares of the stock were exchanged, compared to its average volume of 85,068. Professional Diversity Network has a 52-week low of $0.97 and a 52-week high of $12.39. The firm has a market capitalization of $5.66 million, a P/E ratio of -0.58 and a beta of 1.91. The stock has a fifty day moving average price of $1.66 and a two-hundred day moving average price of $2.63.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Professional Diversity Network in a report on Monday, December 29th. Wall Street Zen lowered shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average 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.