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

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,510,000 shares, a growth of 12,143.9% from the December 31st total of 20,500 shares. Based on an average daily trading volume, of 17,410,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 13.8% of the company’s shares are short sold.

Edible Garden Trading Down 2.1 %

Shares of NASDAQ EDBL traded down $0.01 during midday trading on Tuesday, hitting $0.27. 1,764,176 shares of the company traded hands, compared to its average volume of 5,859,125. Edible Garden has a 12-month low of $0.12 and a 12-month high of $12.47. The firm has a market cap of $5.18 million, a P/E ratio of -0.01 and a beta of 1.45. The stock has a 50-day moving average price of $0.23 and a 200 day moving average price of $0.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 1.11.

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.