ECD Automotive Design, Inc. (NASDAQ:ECDA) Sees Large Drop in Short Interest

ECD Automotive Design, Inc. (NASDAQ:ECDA) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 36,582 shares, a decline of 39.4% from the December 15th total of 60,392 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average trading volume of 10,998,208 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 10,998,208 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.2% of the shares of the company are short sold.

ECD Automotive Design Stock Down 93.5%

NASDAQ:ECDA traded down $0.22 during midday trading on Friday, reaching $0.02. The stock had a trading volume of 11,863,806 shares, compared to its average volume of 9,266,850. The stock has a market cap of $21,606.00, a P/E ratio of 0.00 and a beta of -0.07. The firm has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $18.43. ECD Automotive Design has a 12-month low of $0.01 and a 12-month high of $197.72.

ECD Automotive Design (NASDAQ:ECDA) last announced its quarterly earnings data on Thursday, November 20th. The company reported $3.00 EPS for the quarter. The firm had revenue of $5.78 million for the quarter. On average, sell-side analysts anticipate that ECD Automotive Design will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ECDA. Weiss Ratings reiterated a “sell (e)” rating on shares of ECD Automotive Design in a research note on Wednesday, December 24th. Wall Street Zen raised shares of ECD Automotive Design from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ECD Automotive Design Company Profile

ECD Automotive Design Inc (NASDAQ: ECDA) is a full-service automotive design and engineering firm specializing in concept development, color and trim, digital visualization, and physical prototyping. The company delivers end-to-end solutions for both interior and exterior vehicle programs, encompassing clay modeling, rapid prototyping, ergonomic studies, and show-car fabrication. By integrating creative design with engineering validation, ECD helps original equipment manufacturers (OEMs) and Tier 1 suppliers advance new vehicle concepts from initial sketches through to production-ready components.

Headquartered in Charlotte, North Carolina, ECD serves clients across North America, Europe, and Asia, collaborating on projects that range from concept research and design language exploration to detailed packaging and manufacturing feasibility.