Professional Diversity Network, Inc. (NASDAQ:IPDN) Short Interest Down 8.0% in June

Professional Diversity Network, Inc. (NASDAQ:IPDN) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 6,900 shares, a decrease of 8.0% from the May 31st total of 7,500 shares. Based on an average daily volume of 152,100 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Professional Diversity Network Stock Performance

Shares of NASDAQ IPDN traded up $0.02 during midday trading on Wednesday, reaching $0.48. The stock had a trading volume of 45,895 shares, compared to its average volume of 103,433. Professional Diversity Network has a 12-month low of $0.44 and a 12-month high of $4.26. The stock has a 50-day moving average of $0.86 and a 200-day moving average of $1.61. The company has a market capitalization of $5.63 million, a price-to-earnings ratio of -1.20 and a beta of 13.08.

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

Wall Street Analyst Weigh In

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

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).