Short Interest in Professional Diversity Network, Inc. (NASDAQ:IPDN) Declines By 87.0%

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 17,300 shares, a decrease of 87.0% from the February 28th total of 133,200 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 40,500 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Professional Diversity Network in a research note on Friday, March 21st. They issued a “sell” rating on the stock.

Professional Diversity Network Stock Down 3.2 %

NASDAQ:IPDN traded down $0.08 during mid-day trading on Wednesday, reaching $2.54. The company’s stock had a trading volume of 11,009 shares, compared to its average volume of 18,287. The firm has a market capitalization of $4.90 million, a PE ratio of -12.68 and a beta of 11.22. The stock has a fifty day moving average of $3.29 and a 200-day moving average of $5.38. Professional Diversity Network has a 1 year low of $1.76 and a 1 year high of $21.70.

About Professional Diversity Network

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates through three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore).