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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 679,600 shares, an increase of 123.9% from the October 31st total of 303,500 shares. Based on an average daily volume of 4,300,000 shares, the short-interest ratio is presently 0.2 days. Currently, 3.9% of the company’s shares are sold short.

Edible Garden Trading Up 8.0 %

NASDAQ EDBL traded up $0.01 during trading on Thursday, hitting $0.17. The stock had a trading volume of 1,460,348 shares, compared to its average volume of 1,688,875. 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 $3.21 million, a price-to-earnings ratio of -0.01 and a beta of 1.90. Edible Garden has a one year low of $0.12 and a one year high of $13.00. The stock has a 50 day simple moving average of $0.25 and a 200 day simple moving average of $1.10.

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.