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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 46,400 shares, a drop of 98.2% from the February 13th total of 2,550,000 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 698,600 shares, the short-interest ratio is presently 0.1 days.

Edible Garden Price Performance

Edible Garden stock traded up $0.15 during mid-day trading on Wednesday, hitting $2.09. The company’s stock had a trading volume of 55,788 shares, compared to its average volume of 243,427. The stock has a market capitalization of $2.54 million, a P/E ratio of -0.08 and a beta of 1.45. Edible Garden has a twelve month low of $1.81 and a twelve month high of $311.75. The stock’s fifty day moving average price is $5.51 and its two-hundred day moving average price is $8.31. The company has a quick ratio of 0.81, a current ratio of 1.11 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.