LeddarTech Holdings Inc. (NASDAQ:LDTC) Short Interest Up 132.7% in September

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 183,400 shares, a growth of 132.7% from the September 15th total of 78,800 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average trading volume of 191,500 shares, the days-to-cover ratio is presently 1.0 days.

LeddarTech Price Performance

NASDAQ:LDTC traded up $0.01 during trading hours on Friday, hitting $0.26. 99,370 shares of the stock traded hands, compared to its average volume of 82,439. The stock has a 50 day moving average price of $0.41 and a 200 day moving average price of $1.22. LeddarTech has a 1 year low of $0.24 and a 1 year high of $11.20.

LeddarTech (NASDAQ:LDTC) last issued its earnings results on Wednesday, August 14th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.16. The firm had revenue of $1.04 million during the quarter, compared to the consensus estimate of $0.60 million. Research analysts expect that LeddarTech will post -1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LDTC shares. Roth Mkm reduced their price objective on LeddarTech from $5.00 to $1.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Westpark Capital restated a “hold” rating on shares of LeddarTech in a research report on Monday, August 19th.

LeddarTech Company Profile

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.