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

ECD Automotive Design, Inc. (NASDAQ:ECDA) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 15,200 shares, a growth of 94.9% from the February 29th total of 7,800 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 133,800 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ECD Automotive Design

Hedge funds have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. bought a new stake in ECD Automotive Design during the fourth quarter worth approximately $26,000. Context Capital Management LLC bought a new stake in ECD Automotive Design during the fourth quarter worth approximately $52,000. Finally, ATW Spac Management LLC bought a new stake in ECD Automotive Design during the fourth quarter worth approximately $191,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

ECD Automotive Design Stock Performance

NASDAQ:ECDA traded down $0.02 during mid-day trading on Thursday, reaching $0.94. The stock had a trading volume of 10,484 shares, compared to its average volume of 113,721. The company has a 50 day moving average of $0.95. ECD Automotive Design has a fifty-two week low of $0.77 and a fifty-two week high of $17.00.

Analyst Ratings Changes

Separately, Litchfield Hills Research restated a “buy” rating and issued a $9.00 price objective on shares of ECD Automotive Design in a report on Tuesday, January 30th.

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.