Short Interest in 180 Degree Capital Corp. (NASDAQ:TURN) Drops By 37.5%

180 Degree Capital Corp. (NASDAQ:TURN) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 5,500 shares, a decrease of 37.5% from the December 31st total of 8,800 shares. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On 180 Degree Capital

An institutional investor recently bought a new position in 180 Degree Capital stock. Principal Street Partners LLC purchased a new stake in 180 Degree Capital Corp. (NASDAQ:TURN) during the third quarter, according to its most recent filing with the SEC. The fund purchased 13,550 shares of the company’s stock, valued at approximately $46,000. Principal Street Partners LLC owned about 0.14% of 180 Degree Capital as of its most recent filing with the SEC. Hedge funds and other institutional investors own 19.78% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 180 Degree Capital in a research report on Saturday, January 18th.

180 Degree Capital Stock Performance

Shares of NASDAQ TURN traded down $0.06 during midday trading on Friday, reaching $3.94. The stock had a trading volume of 17,887 shares, compared to its average volume of 40,499. 180 Degree Capital has a 12-month low of $3.12 and a 12-month high of $4.47. The stock has a 50-day moving average of $3.70 and a 200-day moving average of $3.48.

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.