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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,550,000 shares, an increase of 168.1% from the January 31st total of 951,300 shares. Currently, 13.5% of the shares of the stock are sold short. Based on an average daily volume of 17,110,000 shares, the days-to-cover ratio is currently 0.1 days.

Edible Garden Price Performance

Shares of EDBL traded down $0.01 during trading hours on Friday, reaching $0.16. The company had a trading volume of 2,194,473 shares, compared to its average volume of 7,290,319. The company has a market capitalization of $4.83 million, a price-to-earnings ratio of -0.01 and a beta of 1.42. Edible Garden has a 12-month low of $0.12 and a 12-month high of $12.47. The firm has a 50 day simple moving average of $0.26 and a 200-day simple moving average of $0.40. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23.

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.