LeddarTech Holdings Inc. (NASDAQ:LDTC) Short Interest Update

LeddarTech Holdings Inc. (NASDAQ:LDTCGet Free Report) saw a significant decline in short interest during the month of 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. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 7,670,000 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

View Our Latest Report on LeddarTech

Institutional Investors Weigh In On LeddarTech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in LeddarTech in the fourth quarter valued at about $66,000. Walleye Trading LLC bought a new stake in shares of LeddarTech in the third quarter worth about $29,000. Finally, Clear Street Derivatives LLC bought a new stake in shares of LeddarTech in the third quarter worth about $85,000. Institutional investors own 9.62% of the company’s stock.

LeddarTech Stock Down 0.4 %

NASDAQ LDTC traded down $0.00 on Wednesday, reaching $0.58. The company had a trading volume of 35,701 shares, compared to its average volume of 2,077,089. The stock’s 50 day moving average is $0.84 and its 200-day moving average is $0.65. The stock has a market cap of $16.63 million, a price-to-earnings ratio of -0.18 and a beta of -1.65. LeddarTech has a 52 week low of $0.22 and a 52 week high of $3.87.

LeddarTech (NASDAQ:LDTCGet Free Report) last released 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). As a group, analysts forecast that LeddarTech will post -1.01 EPS for the current year.

About LeddarTech

(Get Free Report)

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.

Further Reading

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