Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Up 168.5% in November

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 90,500 shares, an increase of 168.5% from the November 15th total of 33,700 shares. Based on an average daily volume of 130,600 shares, the short-interest ratio is presently 0.7 days. Currently, 1.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Professional Diversity Network in a research note on Saturday. They set a “sell” rating on the stock.

Professional Diversity Network Stock Performance

NASDAQ IPDN remained flat at $0.56 on Wednesday. 18,527 shares of the company traded hands, compared to its average volume of 94,175. Professional Diversity Network has a fifty-two week low of $0.42 and a fifty-two week high of $3.01. The stock has a market capitalization of $7.39 million, a P/E ratio of -2.80 and a beta of 11.94. The stock’s 50 day moving average is $0.81 and its two-hundred day moving average is $0.61.

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).