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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 161,000 shares, an increase of 51.2% from the June 30th total of 106,500 shares. Currently, 5.1% of the company’s stock are sold short. Based on an average trading volume of 970,700 shares, the days-to-cover ratio is presently 0.2 days.

Edible Garden Stock Performance

Shares of NASDAQ:EDBL traded down $0.03 during trading on Monday, hitting $1.30. The company’s stock had a trading volume of 25,628 shares, compared to its average volume of 557,751. Edible Garden has a fifty-two week low of $1.12 and a fifty-two week high of $89.60. The stock’s 50-day moving average price is $1.62 and its two-hundred day moving average price is $5.33. The company has a market capitalization of $713,900.00, a PE ratio of -0.03 and a beta of 1.90.

Edible Garden (NASDAQ:EDBL) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($13.65) earnings per share (EPS) for the quarter. Edible Garden had a negative net margin of 68.83% and a negative return on equity of 1,255.04%. The firm had revenue of $3.13 million for 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.