Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Update

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 951,300 shares, a drop of 66.4% from the January 15th total of 2,830,000 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average daily trading volume, of 16,260,000 shares, the days-to-cover ratio is currently 0.1 days.

Edible Garden Price Performance

EDBL stock remained flat at $0.18 during midday trading on Wednesday. The company’s stock had a trading volume of 2,233,894 shares, compared to its average volume of 6,864,102. The stock has a market cap of $5.41 million, a price-to-earnings ratio of -0.01 and a beta of 1.42. The stock’s fifty day moving average price is $0.25 and its 200 day moving average price is $0.49. Edible Garden has a 12 month low of $0.12 and a 12 month high of $12.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.11 and a quick ratio of 0.81.

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.