Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Down 85.4% in August

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 128,200 shares, a decline of 85.4% from the August 15th total of 876,500 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average daily volume of 499,000 shares, the short-interest ratio is presently 0.3 days.

Edible Garden Stock Up 6.3 %

EDBL stock traded up $0.06 on Friday, hitting $1.01. 15,130 shares of the company’s stock were exchanged, compared to its average volume of 610,283. The firm has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $3.42. Edible Garden has a 12-month low of $0.80 and a 12-month high of $18.10. The stock has a market cap of $555,500.00, a P/E ratio of -0.02 and a beta of 1.89. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 0.73.

Edible Garden (NASDAQ:EDBL) last issued its earnings results on Wednesday, August 14th. The company reported ($1.00) earnings per share (EPS) for the quarter. Edible Garden had a negative return on equity of 52,263.51% and a negative net margin of 77.36%. The firm had revenue of $4.27 million during the quarter.

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.