Short Interest in Palisade Bio, Inc. (NASDAQ:PALI) Declines By 17.8%

Palisade Bio, Inc. (NASDAQ:PALI) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 49,500 shares, a drop of 17.8% from the August 15th total of 60,200 shares. Based on an average daily volume of 62,000 shares, the short-interest ratio is currently 0.8 days. Currently, 4.3% of the company’s stock are sold short.

Palisade Bio Stock Performance

Shares of PALI stock opened at $3.93 on Tuesday. The company has a market capitalization of $3.68 million, a price-to-earnings ratio of -0.17 and a beta of 1.34. Palisade Bio has a 52-week low of $3.30 and a 52-week high of $22.35. The company has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $4.89.

Palisade Bio (NASDAQ:PALI) last announced its earnings results on Monday, August 12th. The company reported ($3.32) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Palisade Bio will post -13.11 EPS for the current fiscal year.

About Palisade Bio

Palisade Bio, Inc, a clinical-stage biopharmaceutical company, focuses on focuses on developing therapeutics that protect the integrity of the intestinal barrier in the United States. The company's lead therapeutic candidate is PALI-2108, a prodrug PDE4 inhibitor, currently under pre-clinical development as a therapeutic for patients living with inflammatory bowel diseases, including ulcerative colitis and Crohn's disease (CD), as well as develops PALI-1908, an oral, selective PDE4 inhibitor prodrug that is locally bioactivated in the terminal ileum of CD patients, currently in the research stage.