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

180 Degree Capital Corp. (NASDAQ:TURN) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 7,500 shares, a growth of 188.5% from the June 15th total of 2,600 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 0.7 days.

180 Degree Capital Trading Up 2.0 %

TURN stock traded up $0.07 on Thursday, reaching $3.64. 26,525 shares of the company’s stock were exchanged, compared to its average volume of 12,826. The stock has a fifty day moving average of $3.78 and a 200-day moving average of $4.00. 180 Degree Capital has a twelve month low of $3.55 and a twelve month high of $4.97.

Insider Transactions at 180 Degree Capital

In other news, CEO Kevin Rendino acquired 13,517 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were bought at an average cost of $3.76 per share, with a total value of $50,823.92. Following the purchase, the chief executive officer now owns 773,499 shares of the company’s stock, valued at approximately $2,908,356.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 59,943 shares of company stock worth $227,354 over the last 90 days. 11.80% of the stock is currently owned by insiders.

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.