Short Interest in Edible Garden AG Incorporated (NASDAQ:EDBL) Grows By 12,143.9%

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,510,000 shares, an increase of 12,143.9% from the December 15th total of 20,500 shares. Based on an average daily volume of 17,410,000 shares, the short-interest ratio is presently 0.1 days. Currently, 13.8% of the shares of the company are sold short.

Edible Garden Stock Down 1.5 %

Edible Garden stock opened at $0.30 on Monday. The stock’s 50 day moving average price is $0.21 and its 200 day moving average price is $0.64. The company has a market cap of $5.84 million, a PE ratio of -0.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.11 and a quick ratio of 0.81. Edible Garden has a 1-year low of $0.12 and a 1-year high of $12.47.

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.