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

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 2,510,000 shares, a growth of 12,143.9% from the December 15th total of 20,500 shares. Approximately 13.8% of the company’s shares are short sold. 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 19.8 %

Edible Garden stock opened at $0.24 on Tuesday. The company has a market cap of $4.75 million, a price-to-earnings ratio of -0.01 and a beta of 1.45. The firm has a 50-day moving average of $0.21 and a 200-day moving average of $0.64. 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 one year low of $0.12 and a one 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.