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

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

Wall Street Analysts Forecast Growth

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

Edible Garden Stock Performance

NASDAQ:EDBL opened at $0.48 on Friday. The stock has a market capitalization of $2.49 million, a P/E ratio of -0.02 and a beta of 2.13. The company has a current ratio of 0.80, a quick ratio of 0.51 and a debt-to-equity ratio of 0.24. Edible Garden has a 1 year low of $0.46 and a 1 year high of $7.75. The firm has a 50 day moving average of $0.90 and a 200-day moving average of $1.56.

Edible Garden’s stock is scheduled to reverse split on Tuesday, February 3rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 2nd.

Edible Garden (NASDAQ:EDBL) last announced its earnings results on Friday, November 14th. The company reported ($1.38) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.87). Edible Garden had a negative return on equity of 1,078.80% and a negative net margin of 115.44%.The business had revenue of $2.82 million for the quarter, compared to the consensus estimate of $3.88 million.

About Edible Garden

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.