ECD Automotive Design, Inc. (NASDAQ:ECDA) Short Interest Up 808.4% in April

ECD Automotive Design, Inc. (NASDAQ:ECDA) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 75,400 shares, a growth of 808.4% from the March 31st total of 8,300 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily volume of 66,000 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Litchfield Hills Research reaffirmed a “buy” rating and set a $9.00 price objective on shares of ECD Automotive Design in a research report on Tuesday, January 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Context Capital Management LLC acquired a new stake in shares of ECD Automotive Design during the 4th quarter valued at about $52,000. ATW Spac Management LLC acquired a new position in ECD Automotive Design in the fourth quarter worth approximately $191,000. Finally, Levin Capital Strategies L.P. acquired a new position in ECD Automotive Design in the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

ECD Automotive Design Stock Performance

ECD Automotive Design stock opened at $1.12 on Friday. ECD Automotive Design has a 12 month low of $0.77 and a 12 month high of $17.00. The firm’s fifty day moving average is $1.01.

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.