Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Down 98.2% in February

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 46,400 shares, a decline of 98.2% from the February 13th total of 2,550,000 shares. Based on an average trading volume of 698,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.8% of the shares of the company are short sold.

Edible Garden Price Performance

EDBL traded up $0.15 during trading on Wednesday, reaching $2.09. The stock had a trading volume of 55,788 shares, compared to its average volume of 243,427. Edible Garden has a 1-year low of $1.81 and a 1-year high of $311.75. The firm has a market capitalization of $2.54 million, a price-to-earnings ratio of -0.08 and a beta of 1.45. The stock has a 50 day moving average of $5.51 and a two-hundred day moving average of $8.31. 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.