Edible Garden AG Incorporated (NASDAQ:EDBL) Sees Large Increase in Short Interest

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 93,900 shares, a growth of 102.4% from the February 28th total of 46,400 shares. Based on an average daily volume of 698,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 7.8% of the company’s stock are short sold.

Edible Garden Stock Down 4.1 %

Shares of EDBL stock traded down $0.15 during trading hours on Friday, reaching $3.47. 45,165 shares of the company’s stock were exchanged, compared to its average volume of 248,980. Edible Garden has a fifty-two week low of $1.81 and a fifty-two week high of $311.75. The stock’s 50 day moving average is $4.38 and its 200-day moving average is $6.29. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.22 million, a price-to-earnings ratio of -0.13 and a beta of 1.45.

About Edible Garden

Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits.