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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target 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 trading volume, of 17,410,000 shares, the short-interest ratio is currently 0.1 days. Approximately 13.8% of the shares of the company are short sold.

Edible Garden Stock Performance

Shares of NASDAQ EDBL opened at $0.23 on Wednesday. The stock has a fifty day moving average price of $0.21 and a two-hundred day moving average price of $0.63. Edible Garden has a 1 year low of $0.12 and a 1 year high of $12.47. The firm has a market cap of $4.57 million, a P/E ratio of -0.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 1.11.

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.