Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Up 123.9% in November

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 679,600 shares, an increase of 123.9% from the October 31st total of 303,500 shares. Based on an average daily volume of 4,300,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.9% of the shares of the stock are sold short.

Edible Garden Price Performance

EDBL stock remained flat at $0.17 during mid-day trading on Friday. The company’s stock had a trading volume of 487,182 shares, compared to its average volume of 1,683,736. Edible Garden has a 1-year low of $0.12 and a 1-year high of $13.00. The stock has a market capitalization of $3.16 million, a P/E ratio of -0.01 and a beta of 1.90. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $0.22 and a two-hundred day moving average price of $1.07.

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.