Silo Pharma, Inc. (NASDAQ:SILO) Short Interest Update

Silo Pharma, Inc. (NASDAQ:SILO) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 272,100 shares, a growth of 59.8% from the November 30th total of 170,300 shares. Based on an average daily trading volume, of 283,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately 6.3% of the shares of the stock are sold short.

Silo Pharma Price Performance

Shares of NASDAQ:SILO opened at $0.94 on Monday. The firm has a fifty day moving average price of $1.02 and a two-hundred day moving average price of $1.21. Silo Pharma has a one year low of $0.77 and a one year high of $4.50.

About Silo Pharma

Silo Pharma Inc operates as a developmental stage biopharmaceutical company. The company is developing therapeutics that address underserved conditions, including stress-induced psychiatric disorders, chronic pain conditions, and central nervous system (CNS) diseases. It focuses on developing traditional therapies and psychedelic treatments in formulations and drug delivery systems.