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

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

Analyst Ratings Changes

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

Professional Diversity Network Stock Down 4.3 %

Shares of IPDN opened at $0.42 on Friday. Professional Diversity Network has a one year low of $0.38 and a one year high of $3.01. The stock has a 50-day moving average of $0.59 and a two-hundred day moving average of $0.59.

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).