Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Up 123.9% in November

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 679,600 shares, a growth of 123.9% from the October 31st total of 303,500 shares. Currently, 3.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,300,000 shares, the short-interest ratio is presently 0.2 days.

Edible Garden Price Performance

Shares of NASDAQ EDBL remained flat at $0.17 during mid-day trading on Friday. The stock had a trading volume of 487,182 shares, compared to its average volume of 1,683,736. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 0.23. Edible Garden has a 1 year low of $0.12 and a 1 year high of $13.00. The firm’s 50 day simple moving average is $0.22 and its two-hundred day simple moving average is $1.07. The company has a market cap of $3.16 million, a price-to-earnings ratio of -0.01 and a beta of 1.90.

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.