Short Interest in ECD Automotive Design, Inc. (NASDAQ:ECDA) Decreases By 23.8%

ECD Automotive Design, Inc. (NASDAQ:ECDA) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 78,900 shares, a decrease of 23.8% from the April 30th total of 103,500 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 266,600 shares, the days-to-cover ratio is presently 0.3 days.

ECD Automotive Design Stock Performance

Shares of NASDAQ:ECDA opened at $0.31 on Wednesday. ECD Automotive Design has a 52-week low of $0.24 and a 52-week high of $1.45. The company has a market capitalization of $10.83 million, a P/E ratio of -1.09 and a beta of -0.56. The company has a 50-day simple moving average of $0.41 and a 200 day simple moving average of $0.72.

ECD Automotive Design (NASDAQ:ECDA) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $6.42 million during the quarter. As a group, equities analysts forecast that ECD Automotive Design will post -0.14 earnings per share for the current year.

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.