Short Interest in 180 Degree Capital Corp. (NASDAQ:TURN) Expands By 60.0%

180 Degree Capital Corp. (NASDAQ:TURN) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 8,800 shares, an increase of 60.0% from the January 15th total of 5,500 shares. Based on an average daily volume of 35,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of 180 Degree Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. One Day In July LLC purchased a new position in shares of 180 Degree Capital in the fourth quarter worth approximately $39,000. StoneX Group Inc. purchased a new position in shares of 180 Degree Capital in the fourth quarter worth approximately $44,000. Principal Street Partners LLC purchased a new position in shares of 180 Degree Capital in the third quarter worth approximately $46,000. Wolverine Trading LLC purchased a new position in shares of 180 Degree Capital in the third quarter worth approximately $73,000. Finally, Yakira Capital Management Inc. purchased a new position in shares of 180 Degree Capital in the fourth quarter worth approximately $203,000. 19.78% of the stock is currently owned by institutional investors.

180 Degree Capital Stock Down 0.5 %

Shares of NASDAQ TURN traded down $0.02 during midday trading on Thursday, reaching $4.00. The company’s stock had a trading volume of 37,574 shares, compared to its average volume of 37,516. The company has a 50 day moving average price of $3.77 and a 200 day moving average price of $3.50. 180 Degree Capital has a one year low of $3.12 and a one year high of $4.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 180 Degree Capital in a research report on Saturday, February 1st.

About 180 Degree Capital

180 Degree Capital Corp. is a publicly owned corporate pension plan sponsor. It primarily provides its services to pension and profit sharing plans. The firm is a large advisory firm which provides portfolio management for pooled investment vehicles, pension consulting services. It manages separate client focused equity and balanced funds.