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

ECD Automotive Design, Inc. (NASDAQ:ECDA) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 88,100 shares, an increase of 22.4% from the August 31st total of 72,000 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 387,600 shares, the short-interest ratio is presently 0.2 days.

ECD Automotive Design Price Performance

Shares of NASDAQ ECDA traded down $0.02 during trading hours on Monday, hitting $1.19. 5,420 shares of the company’s stock were exchanged, compared to its average volume of 189,720. The company’s 50-day moving average price is $1.13 and its 200-day moving average price is $1.11. ECD Automotive Design has a 1-year low of $0.75 and a 1-year high of $17.00.

ECD Automotive Design (NASDAQ:ECDA) last issued its earnings results on Monday, August 19th. The company reported ($0.03) EPS for the quarter. The company had revenue of $8.87 million during the quarter. Research analysts anticipate that ECD Automotive Design will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ECD Automotive Design stock. ATW Spac Management LLC acquired a new stake in ECD Automotive Design, Inc. (NASDAQ:ECDA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 155,279 shares of the company’s stock, valued at approximately $191,000. ATW Spac Management LLC owned about 2.34% of ECD Automotive Design as of its most recent filing with the SEC. 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.