Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Update

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 48,900 shares, a growth of 8,050.0% from the March 31st total of 600 shares. Based on an average trading volume of 542,800 shares, the short-interest ratio is presently 0.1 days. Currently, 18.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Edible Garden

A hedge fund recently bought a new stake in Edible Garden stock. Warberg Asset Management LLC acquired a new stake in Edible Garden AG Incorporated (NASDAQ:EDBL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 34,486 shares of the company’s stock, valued at approximately $26,000. Warberg Asset Management LLC owned approximately 1.22% of Edible Garden at the end of the most recent quarter. Institutional investors and hedge funds own 12.99% of the company’s stock.

Edible Garden Price Performance

Shares of EDBL stock opened at $5.49 on Friday. Edible Garden has a 12-month low of $3.62 and a 12-month high of $89.60. The firm has a market capitalization of $1.65 million, a price-to-earnings ratio of -0.07 and a beta of 2.37. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of $7.01 and a 200-day moving average of $9.19.

Edible Garden (NASDAQ:EDBL) last announced its quarterly earnings results on Monday, April 1st. The company reported ($10.80) earnings per share (EPS) for the quarter. Edible Garden had a negative net margin of 64.34% and a negative return on equity of 311.58%. The firm had revenue of $4.10 million during the quarter.

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.