Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Up 51.2% in July

Edible Garden AG Incorporated (NASDAQ:EDBL) was the target of a significant increase in short interest in the month of 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 shares are short sold. Based on an average daily volume of 970,700 shares, the short-interest ratio is presently 0.2 days.

Edible Garden Trading Up 8.3 %

Shares of EDBL opened at $1.44 on Monday. The firm has a fifty day moving average price of $1.62 and a 200-day moving average price of $5.33. The firm has a market capitalization of $792,000.00, a P/E ratio of -0.03 and a beta of 1.90. Edible Garden has a 12-month low of $1.12 and a 12-month high of $89.60.

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

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.