Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Update

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 133,200 shares, a growth of 98.2% from the February 13th total of 67,200 shares. Based on an average daily volume of 313,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Professional Diversity Network in a research note on Thursday. They set a “sell” rating on the stock.

Professional Diversity Network Stock Performance

Professional Diversity Network stock opened at $2.29 on Friday. The company’s fifty day moving average price is $0.45 and its 200 day moving average price is $0.58. Professional Diversity Network has a 1 year low of $1.76 and a 1 year high of $25.00. The stock has a market capitalization of $44.27 million, a P/E ratio of -11.45 and a beta of 11.25.

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).