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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a significant growth in short interest in 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 trading volume, of 698,700 shares, the short-interest ratio is presently 0.1 days. Approximately 7.8% of the company’s shares are sold short.

Edible Garden Trading Down 4.1 %

NASDAQ EDBL traded down $0.15 during mid-day trading on Friday, reaching $3.47. 45,162 shares of the stock were exchanged, compared to its average volume of 247,989. The business’s fifty day simple moving average is $4.45 and its 200 day simple moving average is $6.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 1.11. The stock has a market capitalization of $4.22 million, a PE ratio of -0.13 and a beta of 1.45. Edible Garden has a 1-year low of $1.81 and a 1-year high of $311.75.

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.