Short Interest in Edible Garden AG Incorporated (NASDAQ:EDBL) Rises By 168.1%

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,550,000 shares, a growth of 168.1% from the January 31st total of 951,300 shares. Based on an average trading volume of 17,110,000 shares, the short-interest ratio is currently 0.1 days. Approximately 13.5% of the company’s shares are sold short.

Edible Garden Trading Down 12.9 %

Shares of Edible Garden stock traded down $0.02 during trading on Friday, hitting $0.15. The company’s stock had a trading volume of 1,393,966 shares, compared to its average volume of 7,259,218. The stock has a market cap of $4.50 million, a price-to-earnings ratio of -0.01 and a beta of 1.42. Edible Garden has a 52 week low of $0.12 and a 52 week high of $12.47. The stock has a 50-day moving average price of $0.26 and a two-hundred day moving average price of $0.41. 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.