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

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 75,900 shares, an increase of 81.6% from the May 31st total of 41,800 shares. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.4% of the shares of the company are short sold.

Edible Garden Stock Down 0.8 %

EDBL traded down $0.01 during trading on Friday, hitting $1.29. 64,740 shares of the company traded hands, compared to its average volume of 293,302. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.27 and a quick ratio of 0.19. Edible Garden has a one year low of $1.21 and a one year high of $89.60. The stock’s fifty day moving average is $3.10 and its 200 day moving average is $6.64.

Edible Garden (NASDAQ:EDBL) last issued its earnings results on Wednesday, May 15th. The company reported ($13.65) earnings per share for the quarter. The business had revenue of $3.13 million for the quarter. Edible Garden had a negative return on equity of 1,255.04% and a negative net margin of 68.83%.

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.