LeddarTech Holdings Inc. (NASDAQ:LDTC) Sees Large Increase in Short Interest

LeddarTech Holdings Inc. (NASDAQ:LDTC) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 326,300 shares, a growth of 28.0% from the January 31st total of 254,900 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average trading volume of 7,680,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LDTC. Walleye Trading LLC acquired a new stake in LeddarTech during the 3rd quarter valued at $29,000. Jane Street Group LLC purchased a new stake in shares of LeddarTech in the fourth quarter valued at $66,000. Finally, Clear Street Derivatives LLC acquired a new stake in shares of LeddarTech during the third quarter valued at $85,000. 9.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

LeddarTech Price Performance

LDTC traded down $0.03 during trading on Thursday, reaching $0.53. 116,071 shares of the stock were exchanged, compared to its average volume of 896,315. The company has a market capitalization of $15.24 million, a price-to-earnings ratio of -0.16 and a beta of -1.75. LeddarTech has a 1 year low of $0.22 and a 1 year high of $4.04. The business’s 50 day moving average price is $1.00 and its two-hundred day moving average price is $0.65.

LeddarTech (NASDAQ:LDTC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). On average, analysts anticipate that LeddarTech will post -1.01 EPS for the current 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.