180 Degree Capital Corp. (NASDAQ:TURN) Short Interest Up 58.1% in May

180 Degree Capital Corp. (NASDAQ:TURN) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 9,800 shares, a growth of 58.1% from the May 15th total of 6,200 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 38,800 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On 180 Degree Capital

Several hedge funds and other institutional investors have recently modified their holdings of TURN. Financial Consulate Inc. bought a new position in 180 Degree Capital in the first quarter valued at about $1,488,000. Yakira Capital Management Inc. acquired a new stake in shares of 180 Degree Capital in the 4th quarter valued at approximately $203,000. Raffles Associates LP boosted its stake in shares of 180 Degree Capital by 8.3% in the 4th quarter. Raffles Associates LP now owns 321,724 shares of the company’s stock valued at $1,181,000 after purchasing an additional 24,631 shares in the last quarter. Tabor Asset Management LP bought a new stake in shares of 180 Degree Capital during the 1st quarter valued at approximately $66,000. Finally, XTX Topco Ltd acquired a new position in 180 Degree Capital during the 1st quarter worth approximately $53,000. Institutional investors own 19.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of 180 Degree Capital in a research report on Wednesday, June 11th.

180 Degree Capital Stock Down 0.7%

TURN traded down $0.03 during trading on Monday, hitting $3.91. 6,805 shares of the stock traded hands, compared to its average volume of 27,761. The business has a 50 day moving average price of $3.92 and a 200 day moving average price of $3.85. 180 Degree Capital has a twelve month low of $3.12 and a twelve month high of $4.25.

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.