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

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

Professional Diversity Network Stock Performance

Shares of Professional Diversity Network stock traded up $0.06 during mid-day trading on Thursday, hitting $2.57. 557 shares of the stock were exchanged, compared to its average volume of 18,234. The company has a market capitalization of $4.96 million, a P/E ratio of -12.82 and a beta of 11.22. The company has a 50-day simple moving average of $3.29 and a 200 day simple moving average of $5.38. Professional Diversity Network has a 12 month low of $1.76 and a 12 month high of $21.70.

Analyst Upgrades and Downgrades

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

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).