LeddarTech Holdings Inc. (NASDAQ:LDTC) Short Interest Update

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 253,600 shares, a decline of 22.3% from the February 13th total of 326,300 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 7,670,000 shares, the days-to-cover ratio is currently 0.0 days.

LeddarTech Price Performance

Shares of NASDAQ LDTC traded up $0.07 during midday trading on Monday, reaching $0.57. 110,084 shares of the company traded hands, compared to its average volume of 785,039. LeddarTech has a 52 week low of $0.22 and a 52 week high of $3.87. The stock has a 50-day moving average price of $0.88 and a 200 day moving average price of $0.65. The company has a market cap of $16.46 million, a price-to-earnings ratio of -0.18 and a beta of -1.65.

LeddarTech (NASDAQ:LDTC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). As a group, analysts expect that LeddarTech will post -1.01 EPS for the current year.

Institutional Trading of LeddarTech

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of LeddarTech in the fourth quarter worth about $66,000. Walleye Trading LLC acquired a new stake in LeddarTech in the third quarter valued at approximately $29,000. Finally, Clear Street Derivatives LLC acquired a new stake in LeddarTech in the third quarter valued at approximately $85,000. 9.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm boosted their price target on shares of LeddarTech from $1.00 to $3.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.

About LeddarTech

LeddarTech Holdings Inc provides AI-based fusion and perception software solutions for advanced driver assistance solutions and autonomous driving applications in Canada. It offers LeddarVision, a raw sensor fusion and perception platform for automotive and off-road industrial vehicles. The company was founded in 2007 and is based in Quebec City, Canada.