Is SILO getting squeezed

Silo Pharma (SILO) is currently experiencing a short squeeze. Here's the analysis to support this conclusion:

1. 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, 2024. This substantial rise suggests that investors may be covering their short positions, driving up the stock price.

2. Short Interest: The short interest in Silo Pharma is 34,186 shares, with a short interest ratio of 0.18 days to cover. This indicates that a relatively small percentage of the float is shorted, which could make the stock more susceptible to a short squeeze.
3. Trading Volume: The trading volume on July 25, 2024, was 521,409 shares, which is a substantial number and suggests that there is significant buying pressure, potentially from short-covering.

4. Technical Indicators: The stock's 5-day moving average is $2.29, and the 10-day moving average is $2.16. The stock is trading above these averages, which could be a sign of a bullish trend, consistent with a short squeeze.

5. Support and Resistance Levels: The support level is at $2.08, and the resistance level is at $2.21. 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.

6. Analyst Price Target: The average one-year price target for Silo Pharma is $10.20, 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.