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

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 191,700 shares, a drop of 24.4% from the February 28th total of 253,600 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On LeddarTech

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in LeddarTech during the 4th quarter worth about $66,000. Walleye Trading LLC acquired a new position in LeddarTech during the third quarter worth $29,000. Finally, Clear Street Derivatives LLC acquired a new stake in shares of LeddarTech in the third quarter valued at about $85,000. 9.62% of the stock is currently owned by institutional investors and hedge funds.

LeddarTech Price Performance

LDTC traded down $0.01 during mid-day trading on Tuesday, hitting $0.45. The stock had a trading volume of 59,077 shares, compared to its average volume of 2,080,883. LeddarTech has a 1-year low of $0.22 and a 1-year high of $2.75. The firm has a market capitalization of $12.95 million, a price-to-earnings ratio of -0.14 and a beta of -1.65. The stock’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $0.66.

LeddarTech (NASDAQ:LDTC) last issued its quarterly earnings data 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, research analysts expect that LeddarTech will post -1.01 earnings per share for the current fiscal year.

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.