Edible Garden AG Incorporated (NASDAQ:EDBL – Get Free Report) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 48,900 shares, an increase of 8,050.0% from the March 31st total of 600 shares. Based on an average daily trading volume, of 542,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 18.6% of the shares of the stock are sold short.
Institutional Investors Weigh In On Edible Garden
An institutional investor recently bought a new position in Edible Garden stock. Warberg Asset Management LLC bought a new stake in Edible Garden AG Incorporated (NASDAQ:EDBL – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,486 shares of the company’s stock, valued at approximately $26,000. Warberg Asset Management LLC owned approximately 1.22% of Edible Garden at the end of the most recent reporting period. 12.99% of the stock is owned by institutional investors.
Edible Garden Trading Down 1.3 %
Shares of Edible Garden stock opened at $6.22 on Friday. Edible Garden has a 12-month low of $3.62 and a 12-month high of $89.60. The company has a market cap of $1.87 million, a price-to-earnings ratio of -0.08 and a beta of 2.37. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 1.05. The company’s 50-day moving average price is $7.07 and its 200-day moving average price is $9.22.
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.
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