LeddarTech Holdings Inc. (NASDAQ:LDTC) Short Interest Up 7,917.8% in December

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 2,710,000 shares, an increase of 7,917.8% from the November 30th total of 33,800 shares. Currently, 32.3% of the shares of the stock are sold short. Based on an average daily volume of 6,940,000 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On LeddarTech

An institutional investor recently bought a new position in LeddarTech stock. Walleye Trading LLC acquired a new position in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 98,692 shares of the company’s stock, valued at approximately $29,000. Walleye Trading LLC owned about 0.34% of LeddarTech at the end of the most recent reporting period. Institutional investors own 9.62% of the company’s stock.

LeddarTech Stock Performance

LeddarTech stock traded up $0.39 during trading hours on Thursday, reaching $1.19. 9,039,184 shares of the company’s stock traded hands, compared to its average volume of 1,904,422. LeddarTech has a fifty-two week low of $0.22 and a fifty-two week high of $5.20. The firm’s 50 day moving average is $0.54 and its 200-day moving average is $0.58. The firm has a market capitalization of $34.24 million, a price-to-earnings ratio of -0.08 and a beta of -0.21.

LeddarTech (NASDAQ:LDTC) last released its earnings results on Wednesday, December 18th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Analysts predict that LeddarTech will post -1.11 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm increased their price objective on LeddarTech from $1.00 to $3.00 and gave the company a “buy” rating in a research 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.