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

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 191,900 shares, a decline of 21.4% from the September 30th total of 244,200 shares. Based on an average trading volume of 1,440,000 shares, the short-interest ratio is presently 0.1 days. Approximately 6.6% of the shares of the stock are short sold.

Edible Garden Trading Down 10.7 %

Shares of NASDAQ EDBL traded down $0.02 during midday trading on Monday, reaching $0.19. 11,165,416 shares of the stock were exchanged, compared to its average volume of 1,562,120. The company has a market capitalization of $105,462.90, a P/E ratio of 0.00 and a beta of 1.83. Edible Garden has a 52-week low of $0.17 and a 52-week high of $13.40. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. The stock has a 50 day moving average price of $0.67 and a 200-day moving average price of $1.89.

Edible Garden (NASDAQ:EDBL) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($1.00) EPS for the quarter. The firm had revenue of $4.27 million for the quarter. Edible Garden had a negative return on equity of 52,263.51% and a negative net margin of 77.36%.

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.