180 Degree Capital Corp. (NASDAQ:TURN – Get Free Report) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 5,500 shares, a decline of 37.5% from the December 31st total of 8,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 35,200 shares, the short-interest ratio is presently 0.2 days.
180 Degree Capital Trading Up 0.5 %
NASDAQ TURN traded up $0.02 during trading hours on Friday, reaching $4.01. 37,301 shares of the company traded hands, compared to its average volume of 39,525. 180 Degree Capital has a 12 month low of $3.12 and a 12 month high of $4.47. The company has a 50 day moving average of $3.71 and a two-hundred day moving average of $3.48.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 180 Degree Capital in a research report on Saturday, January 18th.
Hedge Funds Weigh In On 180 Degree Capital
A hedge fund recently bought a new stake in 180 Degree Capital stock. Principal Street Partners LLC purchased a new position in shares of 180 Degree Capital Corp. (NASDAQ:TURN – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,550 shares of the company’s stock, valued at approximately $46,000. Principal Street Partners LLC owned about 0.14% of 180 Degree Capital as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 19.78% of the company’s stock.
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.
Read More
- Five stocks we like better than 180 Degree Capital
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- What is the Hang Seng index?
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- Canadian Penny Stocks: Can They Make You Rich?
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
Receive News & Ratings for 180 Degree Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 180 Degree Capital and related companies with MarketBeat.com's FREE daily email newsletter.
