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

Posted by ABMN Staff on Dec 27th, 2024

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

Institutional Investors Weigh In On LeddarTech

A hedge fund recently bought a new stake in LeddarTech stock. Clear Street Derivatives LLC bought a new position in LeddarTech Holdings Inc. (NASDAQ:LDTC – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 286,746 shares of the company’s stock, valued at approximately $85,000. LeddarTech makes up approximately 0.0% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 22nd biggest position. Clear Street Derivatives LLC owned about 0.97% of LeddarTech as of its most recent SEC filing. 9.62% of the stock is currently owned by hedge funds and other institutional investors.

LeddarTech Trading Up 48.8 %

LDTC stock opened at $1.19 on Friday. LeddarTech has a 12-month low of $0.22 and a 12-month high of $5.20. The business’s 50-day moving average is $0.55 and its 200 day moving average is $0.59. The stock has a market cap of $34.24 million, a price-to-earnings ratio of -0.08 and a beta of -0.21.

LeddarTech (NASDAQ:LDTC – Get Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). As a group, equities analysts forecast that LeddarTech will post -1.11 EPS for the current fiscal year.

Analyst Ratings Changes

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

View Our Latest Stock Report on LeddarTech

LeddarTech Company Profile

(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.