Is SILO getting squeezed


Aime
Silo Pharma (SILO) is currently experiencing a short squeeze. Here's the analysis to support this conclusion:
- Recent Price Movement: Silo Pharma's stock price has seen a significant increase, with a 95.37% interval percentage change from June 26, 2024, to July 25, 20241. This substantial rise suggests that investors may be covering their short positions, driving up the stock price.
SILO Trend
- Short Interest: The short interest in Silo Pharma is 34,186 shares, with a short interest ratio of 0.18 days to cover2. This indicates that a relatively small percentage of the float is shorted, which could make the stock more susceptible to a short squeeze.
- Trading Volume: The trading volume on July 25, 2024, was 521,409 shares3, which is a substantial number and suggests that there is significant buying pressure, potentially from short-covering.
SILO Trend
- Technical Indicators: The stock's 5-day moving average is $2.29, and the 10-day moving average is $2.164. The stock is trading above these averages, which could be a sign of a bullish trend, consistent with a short squeeze.
SILO Trend
- Support and Resistance Levels: The support level is at $2.08, and the resistance level is at $2.215. The stock is trading close to the resistance level, which could be a point of interest for short squeezes as investors may be testing the level to see if it can be surpassed.
SILO Trend
- Analyst Price Target: The average one-year price target for Silo Pharma is $10.206, which is significantly higher than the current trading price. This suggests that analysts expect the stock to appreciate in value, which could contribute to a short squeeze if realized.
In conclusion, the combination of recent price appreciation, high trading volume, and the proximity to analyst price targets indicates that Silo Pharma is experiencing a short squeeze.
Source:
1.
SILO 1-Month Percentage Change
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