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

Edible Garden AG Incorporated (NASDAQ:EDBL) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 65,798 shares, a decline of 78.8% from the January 29th total of 310,111 shares. Based on an average daily trading volume, of 237,342 shares, the days-to-cover ratio is presently 0.3 days. Approximately 11.1% of the company’s shares are short sold. Approximately 11.1% of the company’s shares are short sold. Based on an average daily trading volume, of 237,342 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Edible Garden

An institutional investor recently bought a new position in Edible Garden stock. Armistice Capital LLC acquired a new position in shares of Edible Garden AG Incorporated (NASDAQ:EDBL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 222,072 shares of the company’s stock, valued at approximately $135,000. Armistice Capital LLC owned approximately 37.64% of Edible Garden as of its most recent filing with the Securities and Exchange Commission. 12.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, the stock has an average rating of “Sell”.

Edible Garden Price Performance

Shares of EDBL opened at $3.05 on Thursday. The business’s fifty day moving average is $5.74 and its 200 day moving average is $12.87. Edible Garden has a 12-month low of $2.92 and a 12-month high of $62.90. The company has a quick ratio of 0.51, a current ratio of 0.80 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.80 million, a P/E ratio of -0.01 and a beta of 2.13.

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.