Short Interest in ECD Automotive Design, Inc. (NASDAQ:ECDA) Declines By 39.7%

ECD Automotive Design, Inc. (NASDAQ:ECDA) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 38,400 shares, a drop of 39.7% from the February 28th total of 63,700 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,300 shares, the days-to-cover ratio is currently 1.2 days.

ECD Automotive Design Trading Down 3.0 %

Shares of NASDAQ ECDA traded down $0.02 during trading on Friday, reaching $0.66. The company had a trading volume of 52,146 shares, compared to its average volume of 132,317. ECD Automotive Design has a 52 week low of $0.57 and a 52 week high of $1.55. The business’s 50 day moving average price is $0.80 and its 200-day moving average price is $0.95.

ECD Automotive Design (NASDAQ:ECDA) last announced its quarterly earnings data on Tuesday, March 25th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $6.44 million for the quarter. As a group, equities analysts expect that ECD Automotive Design will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ECD Automotive Design stock. Evernest Financial Advisors LLC bought a new stake in ECD Automotive Design, Inc. (NASDAQ:ECDA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,599 shares of the company’s stock, valued at approximately $60,000. Evernest Financial Advisors LLC owned 0.18% of ECD Automotive Design at the end of the most recent quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

ECD Automotive Design Company Profile

ECD Automotive Design, Inc engages in the production and sale of customized Land Rover vehicles in the United States. The company also provides repair or upgrade services and extended warranties to customers. It restores various vehicles, including Land Rovers Defenders, Land Rover Series IIA and III, the Range Rover Classic, and Jaguar E-Type.