Professional Diversity Network, Inc. (NASDAQ:IPDN) Sees Large Decline in Short Interest

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw 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. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 40,500 shares, the short-interest ratio is presently 0.4 days.

Professional Diversity Network Trading Down 1.9 %

Shares of IPDN stock traded down $0.05 on Friday, reaching $2.50. 10,116 shares of the company’s stock were exchanged, compared to its average volume of 18,314. Professional Diversity Network has a 52 week low of $1.76 and a 52 week high of $19.00. The stock has a market capitalization of $4.83 million, a PE ratio of -12.50 and a beta of 11.22. The company’s fifty day simple moving average is $3.22 and its 200 day simple moving average is $5.34.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of 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).