Silo Pharma, Inc. (NASDAQ:SILO) Short Interest Up 27.2% in November

Silo Pharma, Inc. (NASDAQ:SILO) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 129,600 shares, an increase of 27.2% from the October 31st total of 101,900 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily volume of 178,200 shares, the days-to-cover ratio is presently 0.7 days.

Silo Pharma Stock Performance

Shares of NASDAQ SILO traded up $0.10 during trading hours on Friday, hitting $1.00. 8,598,610 shares of the company traded hands, compared to its average volume of 1,575,918. The company’s 50 day moving average price is $1.08 and its 200 day moving average price is $1.33. Silo Pharma has a 12 month low of $0.77 and a 12 month high of $4.50.

Silo Pharma Company Profile

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.