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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a large growth in short interest during 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. Approximately 3.9% of the shares of the stock are sold short. Based on an average trading volume of 4,300,000 shares, the days-to-cover ratio is presently 0.2 days.

Edible Garden Price Performance

Shares of NASDAQ:EDBL remained flat at $0.17 on Friday. The company’s stock had a trading volume of 487,182 shares, compared to its average volume of 1,683,736. The firm’s 50-day moving average price is $0.22 and its 200-day moving average price is $1.07. The stock has a market cap of $3.16 million, a P/E ratio of -0.01 and a beta of 1.90. 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.

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.