ECD Automotive Design, Inc. (NASDAQ:ECDA) Short Interest Update

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

Institutional Trading of ECD Automotive Design

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

ECD Automotive Design Price Performance

Shares of ECDA traded down $0.02 during mid-day trading on Friday, hitting $0.66. 52,146 shares of the company traded hands, compared to its average volume of 132,317. The business has a 50-day moving average of $0.80 and a 200 day moving average of $0.95. ECD Automotive Design has a one year low of $0.57 and a one year high of $1.55.

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

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.