Short Interest in LeddarTech Holdings Inc. (NASDAQ:LDTC) Decreases By 88.8%

LeddarTech Holdings Inc. (NASDAQ:LDTC) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 304,100 shares, a decline of 88.8% from the December 31st total of 2,710,000 shares. Based on an average trading volume of 7,520,000 shares, the short-interest ratio is currently 0.0 days. Approximately 3.4% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On LeddarTech

An institutional investor recently bought a new position in LeddarTech stock. Clear Street Derivatives LLC purchased a new stake in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 286,746 shares of the company’s stock, valued at approximately $85,000. LeddarTech comprises approximately 0.0% of Clear Street Derivatives LLC’s investment portfolio, making the stock its 22nd largest holding. Clear Street Derivatives LLC owned 0.97% of LeddarTech as of its most recent SEC filing. Hedge funds and other institutional investors own 9.62% of the company’s stock.

LeddarTech Price Performance

NASDAQ LDTC traded up $0.02 during trading hours on Tuesday, hitting $1.01. The company had a trading volume of 247,511 shares, compared to its average volume of 1,732,059. LeddarTech has a fifty-two week low of $0.22 and a fifty-two week high of $4.35. The company has a market capitalization of $29.06 million, a price-to-earnings ratio of -0.07 and a beta of -1.67. The firm’s 50 day moving average is $0.99 and its 200 day moving average is $0.63.

LeddarTech (NASDAQ:LDTC) last released its quarterly earnings results on Wednesday, December 18th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). On average, equities analysts anticipate that LeddarTech will post -0.96 EPS for the current year.

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.