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

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 52,500 shares, an increase of 236.5% from the August 15th total of 15,600 shares. Based on an average daily trading volume, of 31,900 shares, the short-interest ratio is presently 1.6 days. Approximately 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On LeddarTech

An institutional investor recently bought a new position in LeddarTech stock. Cowen AND Company LLC bought a new stake in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 104,310 shares of the company’s stock, valued at approximately $266,000. Cowen AND Company LLC owned 2.38% of LeddarTech at the end of the most recent quarter. Institutional investors own 9.62% of the company’s stock.

LeddarTech Price Performance

Shares of LDTC stock traded down $0.03 during trading hours on Thursday, reaching $0.45. 139,177 shares of the company were exchanged, compared to its average volume of 30,557. LeddarTech has a fifty-two week low of $0.37 and a fifty-two week high of $11.20. The company has a debt-to-equity ratio of 10.09, a current ratio of 0.74 and a quick ratio of 0.64. The stock’s fifty day moving average is $0.63 and its two-hundred day moving average is $1.74.

LeddarTech (NASDAQ:LDTC) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.16. The firm had revenue of $1.04 million for the quarter, compared to analyst estimates of $0.60 million. On average, equities analysts anticipate that LeddarTech will post -1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LDTC. Westpark Capital reaffirmed a “hold” rating on shares of LeddarTech in a report on Monday, August 19th. Roth Mkm reduced their price objective on LeddarTech from $5.00 to $1.00 and set a “buy” rating on the stock in a research note on Friday, August 16th.

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.