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

LeddarTech Holdings Inc. (NASDAQ:LDTC) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 183,400 shares, an increase of 132.7% from the September 15th total of 78,800 shares. Based on an average daily trading volume, of 191,500 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.2% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of research firms recently weighed in on LDTC. Roth Mkm lowered their target price on shares of LeddarTech from $5.00 to $1.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Westpark Capital reiterated a “hold” rating on shares of LeddarTech in a research note on Monday, August 19th.

LeddarTech Stock Up 2.7 %

LDTC stock traded up $0.01 during mid-day trading on Friday, hitting $0.26. The company had a trading volume of 77,888 shares, compared to its average volume of 82,439. LeddarTech has a 12-month low of $0.24 and a 12-month high of $11.20. The company has a 50-day moving average price of $0.42 and a 200 day moving average price of $1.25.

LeddarTech (NASDAQ:LDTC) last announced its earnings results on Wednesday, August 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.16. The business had revenue of $1.04 million for the quarter, compared to analysts’ expectations of $0.60 million. Analysts predict that LeddarTech will post -1.11 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.