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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 48,900 shares, a growth of 8,050.0% from the March 31st total of 600 shares. Based on an average daily trading volume, of 542,800 shares, the short-interest ratio is presently 0.1 days. Currently, 18.6% of the company’s stock are sold short.

Edible Garden Stock Down 11.7 %

Edible Garden stock opened at $5.49 on Friday. Edible Garden has a 1-year low of $3.62 and a 1-year high of $89.60. The firm has a market capitalization of $1.65 million, a price-to-earnings ratio of -0.07 and a beta of 2.37. The firm’s fifty day moving average price is $7.01 and its two-hundred day moving average price is $9.19. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 1.05.

Edible Garden (NASDAQ:EDBL) last released its quarterly earnings data on Monday, April 1st. The company reported ($10.80) earnings per share for the quarter. Edible Garden had a negative net margin of 64.34% and a negative return on equity of 311.58%. The business had revenue of $4.10 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Edible Garden stock. Warberg Asset Management LLC purchased a new stake in shares of Edible Garden AG Incorporated (NASDAQ:EDBL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 34,486 shares of the company’s stock, valued at approximately $26,000. Warberg Asset Management LLC owned approximately 1.22% of Edible Garden at the end of the most recent reporting period. 12.99% of the stock is currently owned by hedge funds and other institutional investors.

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.