Edible Garden AG Incorporated (NASDAQ:EDBL) Short Interest Update

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 368,601 shares, a growth of 112.0% from the December 31st total of 173,836 shares. Currently, 7.2% of the company’s stock are sold short. Based on an average trading volume of 5,605,668 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 5,605,668 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Edible Garden in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Edible Garden Stock Performance

NASDAQ:EDBL traded down $0.00 during trading on Friday, reaching $0.51. The company’s stock had a trading volume of 432,312 shares, compared to its average volume of 2,963,747. Edible Garden has a 12 month low of $0.48 and a 12 month high of $7.75. The firm has a market cap of $2.61 million, a price-to-earnings ratio of -0.02 and a beta of 2.13. The firm has a 50 day moving average of $0.91 and a 200-day moving average of $1.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.51 and a current ratio of 0.80.

Edible Garden (NASDAQ:EDBL) last issued its quarterly earnings results on Friday, November 14th. The company reported ($1.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.87). The company had revenue of $2.82 million during the quarter, compared to analysts’ expectations of $3.88 million. Edible Garden had a negative return on equity of 1,078.80% and a negative net margin of 115.44%.

Edible Garden Company Profile

Edible Garden AG, trading on the Nasdaq under the ticker EDBL, is a technology-enabled agriculture company specializing in the design, construction and operation of hydroponic greenhouse farms. By leveraging controlled-environment agriculture techniques and proprietary automation systems, the company produces a range of leafy greens and salad‐related vegetables, including branded Salanova products, for wholesale distribution to retailers, food service operators and distributors.

In addition to farm ownership and produce cultivation, Edible Garden develops and licenses its modular greenhouse technology and cultivation methods to third parties.