Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Up 8,050.0% in April

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 48,900 shares, a growth of 8,050.0% from the March 31st total of 600 shares. Based on an average trading volume of 542,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 18.6% of the company’s shares are short sold.

Edible Garden Trading Down 1.3 %

NASDAQ:EDBL opened at $6.22 on Friday. The firm’s fifty day moving average is $7.07 and its 200-day moving average is $9.22. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.68 and a current ratio of 0.91. Edible Garden has a 52 week low of $3.62 and a 52 week high of $89.60. The firm has a market cap of $1.87 million, a P/E ratio of -0.08 and a beta of 2.37.

Edible Garden (NASDAQ:EDBL) last posted its quarterly earnings data on Monday, April 1st. The company reported ($10.80) EPS for the quarter. Edible Garden had a negative net margin of 64.34% and a negative return on equity of 311.58%. The firm had revenue of $4.10 million during the quarter.

Institutional Investors Weigh In On Edible Garden

An institutional investor recently bought a new position in Edible Garden stock. Warberg Asset Management LLC acquired a new stake in Edible Garden AG Incorporated (NASDAQ:EDBL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 34,486 shares of the company’s stock, valued at approximately $26,000. Warberg Asset Management LLC owned about 1.22% of Edible Garden as of its most recent filing with the SEC. 12.99% of the stock is currently owned by institutional investors.

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.