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

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 6,900 shares, a drop of 8.0% from the May 31st total of 7,500 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 152,100 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Professional Diversity Network in a research report on Sunday. They set a “sell” rating on the stock.

Professional Diversity Network Stock Performance

NASDAQ:IPDN traded up $0.02 during trading hours on Wednesday, hitting $0.48. 45,895 shares of the company’s stock traded hands, compared to its average volume of 103,433. Professional Diversity Network has a twelve month low of $0.44 and a twelve month high of $4.26. The firm has a market cap of $5.63 million, a P/E ratio of -1.20 and a beta of 13.08. The stock’s fifty day moving average price is $0.86 and its two-hundred day moving average price is $1.61.

Professional Diversity Network (NASDAQ:IPDN) last announced its earnings results on Wednesday, May 15th. The information services provider reported ($0.07) EPS for the quarter. The firm had revenue of $1.73 million during the quarter. Professional Diversity Network had a negative return on equity of 186.84% and a negative net margin of 54.12%.

Professional Diversity Network Company Profile

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).