Professional Diversity Network, Inc. (NASDAQ:IPDN) Sees Large Growth in Short Interest

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 229,635 shares, a growth of 151.5% from the January 15th total of 91,303 shares. Based on an average daily volume of 309,293 shares, the short-interest ratio is presently 0.7 days. Currently, 4.8% of the company’s stock are sold short. Currently, 4.8% of the company’s stock are sold short. Based on an average daily volume of 309,293 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Professional Diversity Network

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC lifted its stake in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% during the 4th quarter, according to the company in its most recent 13F 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 as of its most recent SEC filing. Institutional investors and hedge funds own 27.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IPDN. Weiss Ratings reiterated a “sell (d-)” rating on shares of Professional Diversity Network in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Professional Diversity Network currently has an average rating of “Sell”.

Professional Diversity Network Trading Down 2.4%

Shares of NASDAQ:IPDN traded down $0.04 on Friday, hitting $1.64. The company had a trading volume of 428,203 shares, compared to its average volume of 216,560. The stock has a market cap of $8.00 million, a price-to-earnings ratio of -0.82 and a beta of 1.89. The stock has a 50 day moving average price of $1.35 and a 200 day moving average price of $2.44. Professional Diversity Network has a 1-year low of $0.96 and a 1-year high of $12.39.

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