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

Silo Pharma, Inc. (NASDAQ:SILO) was the recipient of a significant 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 shares of the company are short sold. Based on an average daily trading volume, of 178,200 shares, the days-to-cover ratio is currently 0.7 days.

Silo Pharma Price Performance

NASDAQ SILO opened at $1.00 on Monday. Silo Pharma has a 52-week low of $0.77 and a 52-week high of $4.50. The business’s 50-day moving average price is $1.08 and its 200 day moving average price is $1.33.

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.