Short Interest in 180 Degree Capital Corp. (NASDAQ:TURN) Decreases By 60.6%

180 Degree Capital Corp. (NASDAQ:TURN) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,600 shares, a drop of 60.6% from the May 31st total of 6,600 shares. Based on an average daily trading volume, of 11,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Insiders Place Their Bets

In other 180 Degree Capital news, CEO Kevin Rendino bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average price of $3.87 per share, for a total transaction of $77,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 750,198 shares in the company, valued at $2,903,266.26. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders acquired 48,860 shares of company stock worth $202,074. 11.80% of the stock is currently owned by company insiders.

180 Degree Capital Stock Performance

TURN traded up $0.13 on Friday, hitting $3.79. The company had a trading volume of 16,933 shares, compared to its average volume of 9,529. 180 Degree Capital has a 52-week low of $3.63 and a 52-week high of $4.97. The stock has a fifty day simple moving average of $3.82 and a 200-day simple moving average of $4.01.

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.