Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Up 58.2% in October

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 303,500 shares, an increase of 58.2% from the October 15th total of 191,900 shares. Approximately 12.4% of the company’s shares are sold short. Based on an average daily volume of 4,260,000 shares, the short-interest ratio is presently 0.1 days.

Edible Garden Price Performance

Shares of NASDAQ:EDBL opened at $0.15 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.73 and a quick ratio of 0.63. Edible Garden has a 1 year low of $0.12 and a 1 year high of $13.00. The company has a market cap of $81,142.20, a PE ratio of -0.01 and a beta of 1.90. The stock’s 50-day moving average is $0.38 and its 200 day moving average is $1.38.

Edible Garden (NASDAQ:EDBL) last announced its earnings results on Wednesday, August 14th. The company reported ($1.00) EPS for the quarter. The business had revenue of $4.27 million for the quarter. Edible Garden had a negative net margin of 78.61% and a negative return on equity of 52,263.51%.

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.