Short Interest in 180 Degree Capital Corp. (NASDAQ:TURN) Expands By 166.7%

180 Degree Capital Corp. (NASDAQ:TURN) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 6,400 shares, a growth of 166.7% from the August 15th total of 2,400 shares. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Insider Activity

In other 180 Degree Capital news, CEO Kevin Rendino acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were purchased at an average price of $3.70 per share, for a total transaction of $37,000.00. Following the completion of the purchase, the chief executive officer now directly owns 783,499 shares in the company, valued at $2,898,946.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders acquired 13,825 shares of company stock valued at $51,300. Company insiders own 11.80% of the company’s stock.

180 Degree Capital Price Performance

Shares of TURN traded up $0.01 during trading hours on Friday, reaching $3.37. 1,485 shares of the company’s stock traded hands, compared to its average volume of 13,412. The business’s fifty day simple moving average is $3.45 and its two-hundred day simple moving average is $3.80. 180 Degree Capital has a twelve month low of $3.31 and a twelve month high of $4.47.

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.