Edible Garden AG Incorporated (NASDAQ:EDBL) Sees Significant Decline in Short Interest

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 60,600 shares, a decline of 35.5% from the March 15th total of 93,900 shares. Based on an average daily volume of 215,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 4.2% of the shares of the company are sold short.

Edible Garden Stock Performance

Shares of NASDAQ EDBL traded up $0.04 during mid-day trading on Thursday, reaching $1.90. 26,462 shares of the company were exchanged, compared to its average volume of 250,544. Edible Garden has a twelve month low of $1.81 and a twelve month high of $311.75. The stock has a market capitalization of $2.73 million, a P/E ratio of -0.07 and a beta of 1.55. The company’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $4.64. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 0.23.

Edible Garden (NASDAQ:EDBL) last posted its quarterly earnings data on Monday, March 31st. The company reported ($10.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($9.98). Edible Garden had a negative return on equity of 52,263.51% and a negative net margin of 78.61%. The company had revenue of $4.13 million for the quarter, compared to the consensus estimate of $4.13 million.

Edible Garden Company Profile

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.