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

Edible Garden AG Incorporated (NASDAQ:EDBL) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 310,111 shares, a decline of 15.9% from the January 15th total of 368,601 shares. Currently, 52.3% of the shares of the stock are sold short. Based on an average daily volume of 321,706 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 321,706 shares, the days-to-cover ratio is currently 1.0 days. Currently, 52.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Edible Garden Stock Down 1.2%

NASDAQ EDBL opened at $3.35 on Monday. The stock has a market capitalization of $1.98 million, a P/E ratio of -0.02 and a beta of 2.13. Edible Garden has a 52 week low of $2.93 and a 52 week high of $77.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.51 and a current ratio of 0.80. The stock has a fifty day moving average of $7.25 and a 200-day moving average of $13.96.

Edible Garden (NASDAQ:EDBL) last announced its quarterly earnings data on Friday, November 14th. The company reported ($13.80) EPS for the quarter, missing analysts’ consensus estimates of ($5.10) by ($8.70). Edible Garden had a negative return on equity of 1,078.80% and a negative net margin of 115.44%.The firm had revenue of $2.82 million during the quarter, compared to analyst estimates of $3.88 million.

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.