Short Interest in LeddarTech Holdings Inc. (NASDAQ:LDTC) Declines By 22.3%

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 253,600 shares, a decline of 22.3% from the February 13th total of 326,300 shares. Based on an average trading volume of 7,670,000 shares, the short-interest ratio is presently 0.0 days. Currently, 2.3% of the company’s stock are short sold.

LeddarTech Stock Up 0.2 %

Shares of LeddarTech stock traded up $0.00 during trading on Tuesday, reaching $0.58. The company’s stock had a trading volume of 61,339 shares, compared to its average volume of 2,085,288. LeddarTech has a 1-year low of $0.22 and a 1-year high of $3.87. The company has a 50-day simple moving average of $0.84 and a two-hundred day simple moving average of $0.65. The company has a market cap of $16.70 million, a price-to-earnings ratio of -0.18 and a beta of -1.65.

LeddarTech (NASDAQ:LDTC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.17). As a group, analysts anticipate that LeddarTech will post -1.01 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm raised 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LDTC. Jane Street Group LLC purchased a new position in LeddarTech in the 4th quarter worth $66,000. Walleye Trading LLC acquired a new position in shares of LeddarTech in the third quarter valued at about $29,000. Finally, Clear Street Derivatives LLC purchased a new position in shares of LeddarTech in the third quarter worth about $85,000. Hedge funds and other institutional investors own 9.62% of the company’s stock.

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.