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

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 presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

180 Degree Capital Stock Up 0.5 %

Shares of NASDAQ:TURN traded up $0.02 during trading on Friday, hitting $4.01. 37,301 shares of the company were exchanged, compared to its average volume of 39,525. The firm’s 50 day moving average price is $3.71 and its 200-day moving average price is $3.48. 180 Degree Capital has a 12-month low of $3.12 and a 12-month high of $4.47.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On 180 Degree Capital

An institutional investor recently bought a new position in 180 Degree Capital stock. Wolverine Trading LLC acquired a new position in shares of 180 Degree Capital Corp. (NASDAQ:TURN) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,729 shares of the company’s stock, valued at approximately $73,000. Wolverine Trading LLC owned about 0.22% of 180 Degree Capital at the end of the most recent reporting period. 19.78% of the stock is currently owned by institutional investors and hedge funds.

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.