Edible Garden AG Incorporated (NASDAQ:EDBLW) Sees Significant Drop in Short Interest

Edible Garden AG Incorporated (NASDAQ:EDBLW) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 17,611 shares, a decrease of 47.6% from the July 15th total of 33,584 shares. Based on an average daily trading volume, of 12,534 shares, the short-interest ratio is presently 1.4 days.

Edible Garden Stock Down 43.5%

EDBLW traded down $0.03 during trading on Friday, hitting $0.04. The company’s stock had a trading volume of 15,291 shares, compared to its average volume of 14,101. Edible Garden has a twelve month low of $0.02 and a twelve month high of $0.31. The business’s fifty day simple moving average is $0.04 and its 200 day simple moving average is $0.08.

About Edible Garden

Edible Garden AG (NASDAQ: EDBLW) is a provider of proprietary research, development and manufacturing services for plant-based ingredients, serving the global food and beverage industry. The company focuses on extracting and processing plant proteins and fibers to create functional solutions that enable manufacturers to develop sustainable, plant-based alternatives across multiple product categories.

Edible Garden’s product portfolio includes protein isolates and concentrates, texturizing agents, starches and functional fibers derived primarily from peas and other legumes.