ECD Automotive Design, Inc. (NASDAQ:ECDA) Short Interest Down 84.0% in December

ECD Automotive Design, Inc. (NASDAQ:ECDA) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 60,392 shares, a drop of 84.0% from the November 30th total of 376,749 shares. Approximately 5.1% of the shares of the stock are sold short. Based on an average trading volume of 1,242,339 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,242,339 shares, the days-to-cover ratio is presently 0.0 days. Approximately 5.1% of the shares of the stock are sold short.

Analyst Ratings Changes

ECDA has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of ECD Automotive Design from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (e)” rating on shares of ECD Automotive Design in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

ECD Automotive Design Stock Performance

Shares of NASDAQ:ECDA traded up $0.37 during midday trading on Friday, hitting $1.15. 106,417,866 shares of the stock were exchanged, compared to its average volume of 2,557,972. The business’s 50-day moving average price is $0.98 and its 200 day moving average price is $4.99. ECD Automotive Design has a 12 month low of $0.70 and a 12 month high of $204.00. The stock has a market capitalization of $1.59 million, a price-to-earnings ratio of -0.11 and a beta of -0.34.

ECD Automotive Design (NASDAQ:ECDA) last posted its earnings results on Thursday, November 20th. The company reported $0.60 EPS for the quarter. The business had revenue of $5.78 million for the quarter. As a group, sell-side analysts expect that ECD Automotive Design will post -0.14 EPS for the current year.

About ECD Automotive Design

ECD Automotive Design Inc (NASDAQ: ECDA) is a full-service automotive design and engineering firm specializing in concept development, color and trim, digital visualization, and physical prototyping. The company delivers end-to-end solutions for both interior and exterior vehicle programs, encompassing clay modeling, rapid prototyping, ergonomic studies, and show-car fabrication. By integrating creative design with engineering validation, ECD helps original equipment manufacturers (OEMs) and Tier 1 suppliers advance new vehicle concepts from initial sketches through to production-ready components.

Headquartered in Charlotte, North Carolina, ECD serves clients across North America, Europe, and Asia, collaborating on projects that range from concept research and design language exploration to detailed packaging and manufacturing feasibility.