LeddarTech Holdings Inc. (NASDAQ:LDTC) Short Interest Down 88.8% in December

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 304,100 shares, a drop of 88.8% from the December 15th 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 stock are sold short.

Wall Street Analyst Weigh In

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

LeddarTech Price Performance

Shares of LeddarTech stock traded down $0.11 during trading hours on Monday, reaching $1.07. The company had a trading volume of 1,043,909 shares, compared to its average volume of 3,316,588. The business has a fifty day simple moving average of $0.83 and a 200 day simple moving average of $0.62. LeddarTech has a one year low of $0.22 and a one year high of $5.18. The firm has a market cap of $30.78 million, a PE ratio of -0.07 and a beta of -1.67.

LeddarTech (NASDAQ:LDTC) last posted its quarterly earnings data on Wednesday, December 18th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). On average, research analysts forecast that LeddarTech will post -1.11 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LeddarTech stock. Clear Street Derivatives LLC acquired a new stake in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 286,746 shares of the company’s stock, valued at approximately $85,000. LeddarTech comprises about 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 at the end of the most recent reporting period. 9.62% of the stock is owned by hedge funds and other institutional investors.

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.