Professional Diversity Network, Inc. (NASDAQ:IPDN – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 280,586 shares, a drop of 40.2% from the August 15th total of 469,004 shares. Based on an average trading volume of 2,594,326 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.0% of the shares of the company are short sold.
Professional Diversity Network Stock Down 8.1%
IPDN traded down $0.27 on Wednesday, hitting $3.06. The company’s stock had a trading volume of 83,736 shares, compared to its average volume of 115,724. The company’s 50 day simple moving average is $0.42 and its 200-day simple moving average is $0.72. The firm has a market cap of $1.47 million, a P/E ratio of -0.06 and a beta of 1.55. Professional Diversity Network has a 12 month low of $2.96 and a 12 month high of $152.10.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Professional Diversity Network in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.
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