Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Up 102.4% in March

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 93,900 shares, an increase of 102.4% from the February 28th total of 46,400 shares. Based on an average daily volume of 698,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 7.8% of the company’s shares are short sold.

Edible Garden Trading Down 4.1 %

EDBL traded down $0.15 during trading on Friday, hitting $3.47. 45,165 shares of the stock were exchanged, compared to its average volume of 248,980. 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 firm has a 50 day simple moving average of $4.38 and a 200 day simple moving average of $6.29. The firm has a market cap of $4.22 million, a price-to-earnings 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.