Short Interest in Edible Garden AG Incorporated (NASDAQ:EDBL) Rises By 591.2%

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 876,500 shares, an increase of 591.2% from the July 31st total of 126,800 shares. Currently, 28.0% of the company’s stock are sold short. Based on an average daily trading volume, of 575,800 shares, the short-interest ratio is currently 1.5 days.

Edible Garden Trading Down 2.5 %

Shares of Edible Garden stock opened at $1.15 on Wednesday. The company has a market capitalization of $631,350.00, a P/E ratio of -0.03 and a beta of 1.89. The stock has a fifty day simple moving average of $1.26 and a 200 day simple moving average of $4.01. Edible Garden has a 12-month low of $1.00 and a 12-month high of $89.60.

Edible Garden Company Profile

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.