Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Up 40.3% in June

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 106,500 shares, a growth of 40.3% from the June 15th total of 75,900 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is currently 0.1 days.

Edible Garden Stock Down 3.0 %

Shares of Edible Garden stock traded down $0.04 during trading on Monday, reaching $1.30. The company’s stock had a trading volume of 58,896 shares, compared to its average volume of 593,442. The company has a market cap of $715,000.00, a price-to-earnings ratio of -0.03 and a beta of 1.90. Edible Garden has a 1-year low of $1.12 and a 1-year high of $89.60. The company has a 50-day simple moving average of $2.16 and a two-hundred day simple moving average of $5.87.

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

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.