Short Interest in LeddarTech Holdings Inc. (NASDAQ:LDTC) Drops By 24.4%

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the target of a significant decrease in short interest in the month of 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. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

LeddarTech Stock Down 2.2 %

LDTC opened at $0.45 on Wednesday. The business has a fifty day moving average of $0.70 and a 200 day moving average of $0.66. LeddarTech has a 52-week low of $0.22 and a 52-week high of $2.75. The stock has a market cap of $12.95 million, a P/E ratio of -0.14 and a beta of -1.65.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LDTC. Walleye Trading LLC purchased a new position in shares of LeddarTech during the third quarter valued at $29,000. Jane Street Group LLC bought a new position in LeddarTech during the 4th quarter worth about $66,000. Finally, Clear Street Derivatives LLC purchased a new position in LeddarTech during the 3rd quarter valued at about $85,000. 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.