ECD Automotive Design, Inc. (NASDAQ:ECDA) Sees Significant Growth in Short Interest

ECD Automotive Design, Inc. (NASDAQ:ECDA) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 345,416 shares, an increase of 844.2% from the December 31st total of 36,582 shares. Based on an average daily volume of 6,349,374 shares, the days-to-cover ratio is presently 0.1 days. Currently, 30.4% of the company’s stock are short sold. Currently, 30.4% of the company’s stock are short sold. Based on an average daily volume of 6,349,374 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

ECDA has been the subject of several recent 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 report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

ECD Automotive Design Stock Up 2.3%

Shares of NASDAQ ECDA traded up $0.00 during mid-day trading on Wednesday, reaching $0.02. 524,658 shares of the company were exchanged, compared to its average volume of 4,833,410. The company’s 50 day moving average price is $1.12 and its 200 day moving average price is $15.42. ECD Automotive Design has a 52 week low of $0.01 and a 52 week high of $191.98. The stock has a market capitalization of $24,237.50, a PE ratio of 0.00 and a beta of -0.07.

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