Short Interest in Edible Garden AG Incorporated (NASDAQ:EDBL) Decreases By 66.4%

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 951,300 shares, a drop of 66.4% from the January 15th total of 2,830,000 shares. Based on an average daily volume of 16,260,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.0% of the shares of the stock are sold short.

Edible Garden Price Performance

Shares of EDBL remained flat at $0.18 during midday trading on Wednesday. The stock had a trading volume of 2,233,894 shares, compared to its average volume of 6,864,102. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 0.23. The firm has a market cap of $5.41 million, a P/E ratio of -0.01 and a beta of 1.42. The firm has a 50 day moving average of $0.25 and a 200 day moving average of $0.49. Edible Garden has a 12 month low of $0.12 and a 12 month high of $12.47.

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.