Professional Diversity Network, Inc. (NASDAQ:IPDN) Sees Significant Decrease in Short Interest

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 182,300 shares, a decline of 11.0% from the August 31st total of 204,900 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,500 shares, the short-interest ratio is currently 5.4 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Professional Diversity Network in a report on Thursday. They issued a “sell” rating for the company.

Professional Diversity Network Price Performance

NASDAQ:IPDN opened at $0.44 on Friday. The firm has a market capitalization of $5.14 million, a price-to-earnings ratio of -1.16 and a beta of 11.97. The business has a 50 day simple moving average of $0.47 and a 200-day simple moving average of $0.88. Professional Diversity Network has a 1 year low of $0.42 and a 1 year high of $3.01.

Professional Diversity Network (NASDAQ:IPDN) last issued its quarterly earnings results on Tuesday, August 13th. The information services provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $1.69 million during the quarter. Professional Diversity Network had a negative return on equity of 149.58% and a negative net margin of 43.32%.

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).