Short Interest in Edible Garden AG Incorporated (NASDAQ:EDBLW) Rises By 404.3%

Edible Garden AG Incorporated (NASDAQ:EDBLW) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 88,804 shares, an increase of 404.3% from the July 30th total of 17,611 shares. Based on an average trading volume of 50,301 shares, the short-interest ratio is currently 1.8 days.

Edible Garden Stock Down 6.6%

NASDAQ:EDBLW traded down $0.00 during mid-day trading on Wednesday, reaching $0.04. The company’s stock had a trading volume of 2,922 shares, compared to its average volume of 13,581. Edible Garden has a twelve month low of $0.02 and a twelve month high of $0.31. The company’s fifty day simple moving average is $0.04 and its two-hundred day simple moving average is $0.07.

About Edible Garden

Edible Garden AG (NASDAQ: EDBLW) is a provider of proprietary research, development and manufacturing services for plant-based ingredients, serving the global food and beverage industry. The company focuses on extracting and processing plant proteins and fibers to create functional solutions that enable manufacturers to develop sustainable, plant-based alternatives across multiple product categories.

Edible Garden’s product portfolio includes protein isolates and concentrates, texturizing agents, starches and functional fibers derived primarily from peas and other legumes.