180 Life Sciences Corp. (NASDAQ:ATNF) Sees Large Increase in Short Interest

180 Life Sciences Corp. (NASDAQ:ATNF) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 160,800 shares, an increase of 148.1% from the November 30th total of 64,800 shares. Currently, 31.4% of the company’s stock are short sold. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is presently 0.1 days.

180 Life Sciences Stock Performance

Shares of NASDAQ:ATNF opened at $2.83 on Friday. 180 Life Sciences has a 1-year low of $1.16 and a 1-year high of $17.75. The stock’s fifty day simple moving average is $2.82 and its two-hundred day simple moving average is $2.22.

180 Life Sciences Company Profile

180 Life Sciences Corp., a clinical stage biotechnology company, focuses on developing therapeutics for unmet medical needs in chronic pain, inflammation, fibrosis, and other inflammatory diseases. The company product development platforms includes fibrosis and anti-tumor necrosis factor (anti-TNF) platform, which has completed Phase IIb clinical trials that focuses on fibrosis and anti-TNF; Synthetic Cannabidiol (CBD) Analogs platform, which are synthetic pharmaceutical grade molecules close or distant analogs of non-psychoactive cannabinoids, such as CBD for the treatment of inflammatory diseases and pain; and a7nAChR platform, an immune suppressive, which is under preclinical trails that focuses on alpha 7 nicotinic acetylcholine receptor.