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

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 341,800 shares, a growth of 4,853.6% from the June 15th total of 6,900 shares. Based on an average trading volume of 151,700 shares, the days-to-cover ratio is currently 2.3 days. Currently, 5.8% of the shares of the stock are short sold.

Professional Diversity Network Price Performance

NASDAQ:IPDN opened at $0.49 on Friday. The firm has a market cap of $5.74 million, a PE ratio of -1.29 and a beta of 13.04. The firm has a 50 day simple moving average of $0.68 and a 200-day simple moving average of $1.54. Professional Diversity Network has a 1-year low of $0.44 and a 1-year high of $3.35.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on Professional Diversity Network in a research report on Monday. They set a “sell” rating for the company.

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).