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

180 Degree Capital Corp. (NASDAQ:TURN) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 2,900 shares, a decrease of 61.3% from the June 30th total of 7,500 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is currently 0.2 days.

180 Degree Capital Trading Down 1.4 %

NASDAQ TURN traded down $0.05 on Friday, hitting $3.49. The company’s stock had a trading volume of 28,647 shares, compared to its average volume of 13,247. 180 Degree Capital has a 1-year low of $3.44 and a 1-year high of $4.97. The company’s 50-day moving average is $3.71 and its 200 day moving average is $3.96.

Insider Buying and Selling at 180 Degree Capital

In other 180 Degree Capital news, CEO Kevin Rendino purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of $3.87 per share, for a total transaction of $77,400.00. Following the transaction, the chief executive officer now owns 750,198 shares in the company, valued at approximately $2,903,266.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 59,943 shares of company stock worth $227,354. 11.80% of the stock is currently owned by company 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.