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

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the recipient of a large 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. Based on an average daily trading volume, of 7,670,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.3% of the shares of the company are short sold.

Institutional Investors Weigh In On LeddarTech

Several institutional investors and hedge funds have recently made changes to their positions in LDTC. Walleye Trading LLC acquired a new stake in shares of LeddarTech in the 3rd quarter valued at $29,000. Clear Street Derivatives LLC acquired a new stake in shares of LeddarTech in the 3rd quarter valued at $85,000. Finally, Jane Street Group LLC acquired a new stake in shares of LeddarTech in the 4th quarter valued at $66,000. Institutional investors and hedge funds own 9.62% of the company’s stock.

LeddarTech Stock Up 13.9 %

LeddarTech stock traded up $0.07 on Monday, hitting $0.57. The company’s stock had a trading volume of 110,084 shares, compared to its average volume of 785,039. The firm has a market cap of $16.46 million, a P/E ratio of -0.18 and a beta of -1.65. The company has a fifty day moving average price of $0.88 and a 200-day moving average price of $0.65. LeddarTech has a one year low of $0.22 and a one year high of $3.87.

LeddarTech (NASDAQ:LDTC) last issued its 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). Analysts anticipate that LeddarTech will post -1.01 EPS for the current year.

Analyst Ratings Changes

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.