Short Interest in LeddarTech Holdings Inc. (NASDAQ:LDTC) Increases By 64.7%

Posted by Don Miller on Feb 15th, 2025

LeddarTech Holdings Inc. (NASDAQ:LDTC – Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 254,900 shares, a growth of 64.7% from the January 15th total of 154,800 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 7,670,000 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on LeddarTech

Hedge Funds Weigh In On LeddarTech

A number of hedge funds and other institutional investors have recently made changes to their positions in LDTC. Jane Street Group LLC acquired a new stake in LeddarTech during the fourth quarter valued at approximately $66,000. Clear Street Derivatives LLC bought a new position in shares of LeddarTech during the 3rd quarter worth approximately $85,000. Finally, Walleye Trading LLC acquired a new stake in LeddarTech in the 3rd quarter valued at $29,000. 9.62% of the stock is owned by institutional investors.

LeddarTech Trading Down 5.6 %

NASDAQ:LDTC traded down $0.05 during mid-day trading on Friday, hitting $0.84. 312,132 shares of the company’s stock traded hands, compared to its average volume of 675,237. The firm has a market capitalization of $24.18 million, a price-to-earnings ratio of -0.06 and a beta of -1.75. The firm has a 50 day moving average of $1.16 and a two-hundred day moving average of $0.64. LeddarTech has a 12 month low of $0.22 and a 12 month high of $4.35.

LeddarTech (NASDAQ:LDTC – Get Free Report) last posted its quarterly earnings data 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, equities research analysts expect that LeddarTech will post -0.96 earnings per share for the current year.

LeddarTech Company Profile

(Get Free Report)

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.