Short Interest in ECD Automotive Design, Inc. (NASDAQ:ECDA) Rises By 2,548.7%

ECD Automotive Design, Inc. (NASDAQ:ECDA) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 206,600 shares, a growth of 2,548.7% from the June 30th total of 7,800 shares. Approximately 7.5% of the company’s shares are sold short. Based on an average trading volume of 348,800 shares, the short-interest ratio is currently 0.6 days.

ECD Automotive Design Stock Performance

ECDA stock traded down $0.01 on Thursday, reaching $1.23. The company’s stock had a trading volume of 25,009 shares, compared to its average volume of 222,398. ECD Automotive Design has a 52 week low of $0.77 and a 52 week high of $17.00. The firm has a fifty day moving average of $1.12 and a two-hundred day moving average of $1.07.

ECD Automotive Design (NASDAQ:ECDA) last posted its quarterly earnings data on Thursday, June 27th. The company reported ($0.05) EPS for the quarter. The company had revenue of $8.31 million for the quarter. On average, equities research analysts anticipate that ECD Automotive Design will post -0.13 EPS for the current year.

Institutional Investors Weigh In On ECD Automotive Design

A number of large investors have recently made changes to their positions in ECDA. Levin Capital Strategies L.P. acquired a new position in ECD Automotive Design in the fourth quarter worth approximately $26,000. Context Capital Management LLC acquired a new position in ECD Automotive Design during the fourth quarter valued at approximately $52,000. Finally, ATW Spac Management LLC bought a new position in shares of ECD Automotive Design in the fourth quarter valued at approximately $191,000. Institutional investors and hedge funds 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.