Short Interest in Edible Garden AG Incorporated (NASDAQ:EDBL) Increases By 102.4%

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 93,900 shares, a growth of 102.4% from the February 28th total of 46,400 shares. Approximately 7.8% of the shares of the stock are sold short. Based on an average trading volume of 698,700 shares, the short-interest ratio is presently 0.1 days.

Edible Garden Price Performance

EDBL traded down $0.15 on Friday, reaching $3.47. The stock had a trading volume of 45,165 shares, compared to its average volume of 248,980. The firm has a 50-day moving average of $4.38 and a 200-day moving average of $6.40. Edible Garden has a fifty-two week low of $1.81 and a fifty-two week high of $311.75. The company has a market capitalization of $4.22 million, a price-to-earnings ratio of -0.13 and a beta of 1.45. 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.