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

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

Edible Garden Trading Down 2.1 %

Shares of EDBL stock traded down $0.01 during mid-day trading on Tuesday, reaching $0.27. The stock had a trading volume of 1,764,176 shares, compared to its average volume of 5,859,125. Edible Garden has a 52-week low of $0.12 and a 52-week high of $12.47. The firm has a market capitalization of $5.18 million, a PE ratio of -0.01 and a beta of 1.45. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $0.23 and its two-hundred day moving average price is $0.57.

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.