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

180 Degree Capital Corp. (NASDAQ:TURN) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 6,200 shares, a decrease of 43.6% from the April 30th total of 11,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 39,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Street Partners LLC increased its position in 180 Degree Capital by 77.5% during 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 in the last quarter. One Day In July LLC bought a new position in shares of 180 Degree Capital during the fourth quarter valued at $39,000. StoneX Group Inc. bought a new position in shares of 180 Degree Capital during the fourth quarter valued at $44,000. XTX Topco Ltd bought a new stake in 180 Degree Capital during the 1st quarter valued at about $53,000. Finally, Tabor Asset Management LP bought a new stake in 180 Degree Capital during the 1st quarter valued at about $66,000. Institutional investors own 19.78% of the company’s stock.

180 Degree Capital Stock Performance

Shares of NASDAQ TURN remained flat at $4.02 on Friday. 64,102 shares of the company’s stock were exchanged, compared to its average volume of 27,742. 180 Degree Capital has a fifty-two week low of $3.12 and a fifty-two week high of $4.25. The company has a 50 day moving average of $3.89 and a 200 day moving average of $3.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of 180 Degree Capital in a research note on Saturday, May 24th.

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.