Edible Garden AG Incorporated (NASDAQ:EDBLW) Short Interest Up 85.7% in January

Edible Garden AG Incorporated (NASDAQ:EDBLW) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 18,296 shares, a growth of 85.7% from the December 31st total of 9,853 shares. Based on an average trading volume of 27,517 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 27,517 shares, the days-to-cover ratio is presently 0.7 days.

Edible Garden Price Performance

Shares of EDBLW traded down $0.10 during mid-day trading on Friday, reaching $0.13. 35,038 shares of the company were exchanged, compared to its average volume of 22,379. The business has a 50 day simple moving average of $0.15 and a two-hundred day simple moving average of $0.15. Edible Garden has a 52 week low of $0.02 and a 52 week high of $0.36.

Edible Garden Company Profile

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.