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

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

Analyst Ratings Changes

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

180 Degree Capital Stock Down 0.5 %

NASDAQ TURN traded down $0.02 during mid-day trading on Thursday, reaching $4.00. 37,574 shares of the stock were exchanged, compared to its average volume of 37,516. 180 Degree Capital has a 1-year low of $3.12 and a 1-year high of $4.47. The business’s fifty day simple moving average is $3.77 and its 200 day simple moving average is $3.50.

Hedge Funds Weigh In On 180 Degree Capital

Hedge funds have recently made changes to their positions in the business. One Day In July LLC purchased a new stake in 180 Degree Capital during the 4th quarter worth $39,000. StoneX Group Inc. acquired a new position in 180 Degree Capital during the 4th quarter worth $44,000. Principal Street Partners LLC acquired a new position in shares of 180 Degree Capital in the 3rd quarter valued at about $46,000. Wolverine Trading LLC acquired a new position in shares of 180 Degree Capital in the 3rd quarter valued at about $73,000. Finally, Yakira Capital Management Inc. acquired a new position in shares of 180 Degree Capital in the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 19.78% of the company’s stock.

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.