Short Interest in LeddarTech Holdings Inc. (NASDAQ:LDTC) Increases By 28.0%

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 326,300 shares, an increase of 28.0% from the January 31st total of 254,900 shares. Based on an average trading volume of 7,680,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.8% of the company’s shares are sold short.

LeddarTech Price Performance

NASDAQ:LDTC traded down $0.03 during mid-day trading on Thursday, reaching $0.53. The company’s stock had a trading volume of 116,071 shares, compared to its average volume of 896,315. LeddarTech has a twelve month low of $0.22 and a twelve month high of $4.04. The company’s fifty day simple moving average is $1.00 and its two-hundred day simple moving average is $0.65. The stock has a market cap of $15.24 million, a P/E ratio of -0.16 and a beta of -1.75.

LeddarTech (NASDAQ:LDTC) last released its earnings results on Wednesday, February 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). Sell-side analysts expect that LeddarTech will post -1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of LeddarTech

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in LeddarTech in the fourth quarter valued at $66,000. Walleye Trading LLC purchased a new position in shares of LeddarTech in the 3rd quarter worth about $29,000. Finally, Clear Street Derivatives LLC acquired a new position in shares of LeddarTech in the 3rd quarter valued at about $85,000. 9.62% of the stock is currently owned by institutional investors and hedge funds.

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.