Could 180 Degree Capital Corp (NASDAQ:TURN) Change Direction After Less Shorts?

June 13, 2018 - By Adrian Mccoy

The stock of 180 Degree Capital Corp (NASDAQ:TURN) registered a decrease of 2.36% in short interest. TURN’s total short interest was 285,300 shares in June as published by FINRA. Its down 2.36% from 292,200 shares, reported previously. With 23,300 shares average volume, it will take short sellers 12 days to cover their TURN’s short positions. The short interest to 180 Degree Capital Corp’s float is 0.96%.

The stock increased 0.44% or $0.01 during the last trading session, reaching $2.29. About 4,301 shares traded. 180 Degree Capital Corp. (NASDAQ:TURN) has risen 38.28% since June 13, 2017 and is uptrending. It has outperformed by 25.71% the S&P500.

180 Degree Capital Corp. is a business development firm specializing in early stage investments. The company has market cap of $71.27 million. The firm seeks to invest in tiny technology including microsystems and transformative nanotechnology companies and applications in the cleantech, biotechnology, energy, healthcare, and electronic sectors. It has a 7.56 P/E ratio. It prefers to invest in biology innovation, where intersecting with innovations in areas such as electronics, physics, materials science, chemistry, information technology, engineering and mathematics.

More news for 180 Degree Capital Corp. (NASDAQ:TURN) were recently published by: Seekingalpha.com, which released: “180 Degree Capital: Entering The Activist Phase Of Its Turnaround” on May 27, 2018. Investingnews.com‘s article titled: “Canadian Government Invests C$26 Million in Cleantech Companies” and published on May 31, 2018 is yet another important article.

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