ECD Automotive Design, Inc. (NASDAQ:ECDA) Short Interest Down 39.4% in December

ECD Automotive Design, Inc. (NASDAQ:ECDA) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 36,582 shares, a drop of 39.4% from the December 15th total of 60,392 shares. Based on an average daily trading volume, of 10,998,208 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.2% of the shares of the company are sold short. Currently, 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 10,998,208 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ECDA shares. Weiss Ratings reiterated a “sell (e)” rating on shares of ECD Automotive Design in a research report on Wednesday, December 24th. Wall Street Zen upgraded shares of ECD Automotive Design from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

ECD Automotive Design Stock Down 93.5%

NASDAQ:ECDA traded down $0.22 during trading hours on Friday, hitting $0.02. 11,863,806 shares of the company’s stock traded hands, compared to its average volume of 9,266,850. The stock’s fifty day moving average price is $1.85 and its two-hundred day moving average price is $19.02. ECD Automotive Design has a twelve month low of $0.01 and a twelve month high of $197.72.

ECD Automotive Design (NASDAQ:ECDA) last posted its quarterly earnings results on Thursday, November 20th. The company reported $3.00 EPS for the quarter. The company had revenue of $5.78 million for the quarter. On average, sell-side analysts forecast that ECD Automotive Design will post -0.14 earnings per share for the current fiscal year.

ECD Automotive Design Company Profile

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.