Short Interest in Edible Garden AG Incorporated (NASDAQ:EDBL) Decreases By 78.8%

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

Edible Garden Stock Down 6.9%

NASDAQ:EDBL traded down $0.22 during trading hours on Friday, hitting $2.96. The company’s stock had a trading volume of 15,640 shares, compared to its average volume of 221,191. The stock has a market capitalization of $1.75 million, a P/E ratio of -0.01 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. The stock has a fifty day moving average of $5.58 and a 200-day moving average of $12.81. Edible Garden has a 52-week low of $2.92 and a 52-week high of $62.90.

Institutional Inflows and Outflows

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 the company in its most recent 13F filing with the SEC. The institutional investor acquired 222,072 shares of the company’s stock, valued at approximately $135,000. Armistice Capital LLC owned about 37.64% of Edible Garden as of its most recent filing with the SEC. Hedge funds and other institutional investors own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

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

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.