180 Degree Capital Corp. (NASDAQ:TURN) Sees Significant Increase in Short Interest

180 Degree Capital Corp. (NASDAQ:TURN) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 9,800 shares, a growth of 58.1% from the May 15th total of 6,200 shares. Based on an average trading volume of 38,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of 180 Degree Capital in a research report on Wednesday, June 11th.

Institutional Investors Weigh In On 180 Degree Capital

A number of institutional investors have recently added to or reduced their stakes in TURN. One Day In July LLC acquired a new position in shares of 180 Degree Capital during the fourth quarter worth $39,000. StoneX Group Inc. bought a new position in 180 Degree Capital during the 4th quarter worth $44,000. Yakira Capital Management Inc. acquired a new position in 180 Degree Capital during the 4th quarter worth about $203,000. Raffles Associates LP lifted its holdings in 180 Degree Capital by 8.3% during the 4th quarter. Raffles Associates LP now owns 321,724 shares of the company’s stock worth $1,181,000 after buying an additional 24,631 shares during the period. Finally, Principal Street Partners LLC grew its position in shares of 180 Degree Capital by 77.5% in the 4th quarter. Principal Street Partners LLC now owns 24,050 shares of the company’s stock valued at $88,000 after buying an additional 10,500 shares during the last quarter. 19.78% of the stock is owned by institutional investors.

180 Degree Capital Stock Performance

Shares of NASDAQ:TURN traded down $0.03 during midday trading on Monday, hitting $3.91. 6,805 shares of the stock were exchanged, compared to its average volume of 27,761. The business’s 50-day moving average price is $3.92 and its 200 day moving average price is $3.85. 180 Degree Capital has a 12 month low of $3.12 and a 12 month high of $4.25.

180 Degree Capital Company Profile

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.