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

Palisade Bio, Inc. (NASDAQ:PALI) saw a large drop in short interest during the month of 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. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily volume of 62,000 shares, the short-interest ratio is presently 0.8 days.

Palisade Bio Stock Performance

Palisade Bio stock opened at $3.79 on Monday. The stock has a fifty day moving average of $3.85 and a 200-day moving average of $4.90. The stock has a market capitalization of $3.55 million, a P/E ratio of -0.16 and a beta of 1.34. Palisade Bio has a 52 week low of $3.30 and a 52 week high of $22.35.

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