LeddarTech Holdings Inc. (NASDAQ:LDTC – Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 191,700 shares, a drop of 24.4% from the February 28th total of 253,600 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 1,080,000 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On LeddarTech
A number of large investors have recently added to or reduced their stakes in the business. Walleye Trading LLC bought a new stake in LeddarTech during the 3rd quarter valued at $29,000. Clear Street Derivatives LLC purchased a new stake in shares of LeddarTech in the 3rd quarter worth about $85,000. Finally, Jane Street Group LLC bought a new position in shares of LeddarTech during the fourth quarter valued at approximately $66,000. Hedge funds and other institutional investors own 9.62% of the company’s stock.
Analysts Set New Price Targets
Separately, Roth Mkm raised their price target on LeddarTech from $1.00 to $3.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.
LeddarTech Stock Down 4.4 %
Shares of LDTC stock opened at $0.50 on Monday. The firm has a market cap of $14.27 million, a P/E ratio of -0.15 and a beta of -1.65. The business has a 50-day moving average price of $0.73 and a two-hundred day moving average price of $0.66. LeddarTech has a 12-month low of $0.22 and a 12-month high of $2.85.
LeddarTech (NASDAQ:LDTC – Get Free Report) 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). As a group, research analysts expect that LeddarTech will post -1.01 EPS for the current fiscal 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.
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