Short Interest in ECD Automotive Design, Inc. (NASDAQ:ECDA) Drops By 39.7%

Posted by Stephan Jacobs on Mar 31st, 2025

ECD Automotive Design, Inc. (NASDAQ:ECDA – Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 38,400 shares, a drop 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.

Hedge Funds Weigh In On 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 – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 62,599 shares of the company’s stock, valued at approximately $60,000. Evernest Financial Advisors LLC owned approximately 0.18% of ECD Automotive Design as of its most recent filing with the SEC. Hedge funds and other institutional investors own 94.81% of the company’s stock.

ECD Automotive Design Stock Performance

ECDA stock traded down $0.03 on Monday, hitting $0.63. 20,569 shares of the company were exchanged, compared to its average volume of 33,019. ECD Automotive Design has a twelve month low of $0.56 and a twelve month high of $1.55. The business’s fifty day moving average is $0.80 and its two-hundred day moving average is $0.95.

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

ECD Automotive Design Company Profile

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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.