Short Interest in ECD Automotive Design, Inc. (NASDAQ:ECDA) Grows By 22.4%

ECD Automotive Design, Inc. (NASDAQ:ECDA) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 88,100 shares, a growth of 22.4% from the August 31st total of 72,000 shares. Based on an average trading volume of 387,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.6% of the company’s shares are sold short.

ECD Automotive Design Stock Performance

Shares of ECD Automotive Design stock traded down $0.02 during trading hours on Monday, reaching $1.19. The stock had a trading volume of 5,420 shares, compared to its average volume of 189,720. ECD Automotive Design has a 1 year low of $0.75 and a 1 year high of $17.00. The firm has a 50 day simple moving average of $1.13 and a two-hundred day simple moving average of $1.11.

ECD Automotive Design (NASDAQ:ECDA) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $8.87 million for the quarter. Equities analysts anticipate that ECD Automotive Design will post -0.14 earnings per share for the current year.

Institutional Trading of ECD Automotive Design

An institutional investor recently bought a new position in ECD Automotive Design stock. ATW Spac Management LLC bought a new stake in ECD Automotive Design, Inc. (NASDAQ:ECDA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 155,279 shares of the company’s stock, valued at approximately $191,000. ATW Spac Management LLC owned approximately 2.34% of ECD Automotive Design as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 94.81% of the company’s stock.

About ECD Automotive Design

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.