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

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 469,004 shares, an increase 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 presently 0.4 days. Currently, 3.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat.com, Professional Diversity Network has a consensus rating of “Sell”.

Professional Diversity Network Trading Down 1.6%

Shares of NASDAQ:IPDN opened at $0.12 on Friday. The stock has a 50 day moving average of $0.41 and a 200 day moving average of $0.82. The company has a market cap of $1.78 million, a PE ratio of -0.07 and a beta of 1.61. Professional Diversity Network has a 12-month low of $0.11 and a 12-month high of $12.39.

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 firm had revenue of $1.18 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Professional Diversity Network stock. Geode Capital Management LLC boosted its holdings in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 140.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 26,785 shares of the information services provider’s stock after buying an additional 15,625 shares during the period. Geode Capital Management LLC owned 0.55% of Professional Diversity Network worth $31,000 as of its most recent SEC filing. 27.75% of the stock is currently owned by institutional investors.

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.