Edible Garden AG Incorporated (NASDAQ:EDBL) Sees Significant Decline in Short Interest

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 120,700 shares, a drop of 82.2% from the November 15th total of 679,600 shares. Based on an average daily volume of 4,500,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.7% of the company’s stock are short sold.

Edible Garden Stock Down 0.2 %

Shares of EDBL traded down $0.00 during mid-day trading on Wednesday, reaching $0.17. 555,048 shares of the stock traded hands, compared to its average volume of 1,676,758. The firm has a market cap of $3.21 million, a price-to-earnings ratio of -0.01 and a beta of 2.07. The stock has a fifty day simple moving average of $0.18 and a 200 day simple moving average of $0.86. Edible Garden has a 12-month low of $0.12 and a 12-month high of $13.00. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 0.23.

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.