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

ECD Automotive Design, Inc. (NASDAQ:ECDA) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 7,800 shares, a drop of 62.3% from the June 15th total of 20,700 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 362,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On ECD Automotive Design

Hedge funds and other institutional investors have recently bought and sold shares of the business. Levin Capital Strategies L.P. acquired a new stake in ECD Automotive Design in the fourth quarter valued at $26,000. Context Capital Management LLC acquired a new stake in ECD Automotive Design in the fourth quarter valued at $52,000. Finally, ATW Spac Management LLC acquired a new stake in ECD Automotive Design in the fourth quarter valued at $191,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

ECD Automotive Design Stock Performance

Shares of ECDA traded up $0.05 during mid-day trading on Thursday, reaching $1.15. 41,313 shares of the company’s stock were exchanged, compared to its average volume of 232,218. The business’s fifty day simple moving average is $1.11 and its 200-day simple moving average is $1.07. ECD Automotive Design has a 52-week low of $0.77 and a 52-week high of $17.00.

ECD Automotive Design Company Profile

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.