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

ECD Automotive Design, Inc. (NASDAQ:ECDA) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 48,600 shares, a growth of 26.6% from the March 15th total of 38,400 shares. Based on an average daily volume of 41,400 shares, the short-interest ratio is currently 1.2 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ECD Automotive Design stock. Evernest Financial Advisors LLC bought a new stake in ECD Automotive Design, Inc. (NASDAQ:ECDA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 94.81% of the company’s stock.

ECD Automotive Design Stock Performance

ECD Automotive Design stock traded down $0.08 on Monday, reaching $0.41. The company’s stock had a trading volume of 6,662,174 shares, compared to its average volume of 154,945. The business’s fifty day moving average price is $0.70 and its 200 day moving average price is $0.88. The company has a market cap of $14.40 million, a price-to-earnings ratio of -1.63 and a beta of -0.83. ECD Automotive Design has a twelve month low of $0.36 and a twelve month high of $1.45.

ECD Automotive Design (NASDAQ:ECDA) last issued its quarterly earnings data on Tuesday, April 15th. The company reported ($0.09) EPS for the quarter. The business had revenue of $5.28 million for the quarter. As a group, equities analysts forecast that ECD Automotive Design will post -0.14 earnings per share for the current 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.