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

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

Wall Street Analyst Weigh In

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

LeddarTech Trading Down 4.4 %

NASDAQ LDTC opened at $0.50 on Monday. The stock has a market cap of $14.27 million, a PE ratio of -0.15 and a beta of -1.65. LeddarTech has a 12 month low of $0.22 and a 12 month high of $2.85. The stock’s 50 day moving average is $0.73 and its 200 day moving average is $0.66.

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

Institutional Trading of LeddarTech

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of LeddarTech during the 4th quarter valued at approximately $66,000. Walleye Trading LLC purchased a new stake in shares of LeddarTech in the third quarter valued at $29,000. Finally, Clear Street Derivatives LLC bought a new stake in shares of LeddarTech in the 3rd quarter worth about $85,000. 9.62% of the stock is currently owned by hedge funds and other institutional investors.

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.