Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 33.6% in January

Professional Diversity Network, Inc. (NASDAQ:IPDN) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 103,300 shares, an increase of 33.6% from the December 31st total of 77,300 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 181,300 shares, the days-to-cover ratio is currently 0.6 days.

Professional Diversity Network Price Performance

Shares of IPDN stock traded up $0.00 during trading hours on Friday, hitting $0.39. The company had a trading volume of 109,247 shares, compared to its average volume of 344,873. The stock has a market capitalization of $5.69 million, a PE ratio of -1.95 and a beta of 13.45. The company’s fifty day moving average is $0.51 and its 200 day moving average is $0.58. Professional Diversity Network has a fifty-two week low of $0.36 and a fifty-two week high of $2.80.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Professional Diversity Network in a research note on Saturday. 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).