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

180 Degree Capital Corp. (NASDAQ:TURN) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 10,500 shares, a drop of 43.2% from the March 31st total of 18,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 44,200 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of 180 Degree Capital in a report on Thursday, April 24th.

180 Degree Capital Trading Up 0.3 %

TURN opened at $3.99 on Tuesday. 180 Degree Capital has a one year low of $3.12 and a one year high of $4.21. The business’s 50 day moving average price is $3.83 and its 200 day moving average price is $3.69.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Financial Consulate Inc. purchased a new stake in 180 Degree Capital during the 1st quarter worth approximately $1,488,000. Raffles Associates LP increased its position in 180 Degree Capital by 8.3% during the fourth quarter. Raffles Associates LP now owns 321,724 shares of the company’s stock worth $1,181,000 after buying an additional 24,631 shares during the period. Yakira Capital Management Inc. purchased a new stake in shares of 180 Degree Capital in the fourth quarter valued at about $203,000. Principal Street Partners LLC lifted its stake in shares of 180 Degree Capital by 77.5% in the 4th quarter. Principal Street Partners LLC now owns 24,050 shares of the company’s stock worth $88,000 after acquiring an additional 10,500 shares during the period. Finally, StoneX Group Inc. acquired a new stake in 180 Degree Capital in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 19.78% of the company’s stock.

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.