LeddarTech Holdings Inc. (NASDAQ:LDTC) Sees Large Decline in Short Interest

LeddarTech Holdings Inc. (NASDAQ:LDTC) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 18,000 shares, a decrease of 16.7% from the March 31st total of 21,600 shares. Based on an average daily trading volume, of 16,900 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the company’s shares are sold short.

LeddarTech Price Performance

Shares of LDTC opened at $2.26 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.75 and a debt-to-equity ratio of 10.09. LeddarTech has a 1 year low of $2.15 and a 1 year high of $11.20. The firm’s 50 day moving average price is $3.15.

LeddarTech (NASDAQ:LDTC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $1.25 million for the quarter. Sell-side analysts predict that LeddarTech will post -0.72 earnings per share for the current year.

Hedge Funds Weigh In On LeddarTech

A hedge fund recently bought a new stake in LeddarTech stock. Cowen AND Company LLC purchased a new position in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 104,310 shares of the company’s stock, valued at approximately $266,000. Cowen AND Company LLC owned 2.38% of LeddarTech as of its most recent SEC filing. 9.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of LeddarTech in a research note on Friday, January 5th. They set a “market perform” rating on the stock. Roth Mkm assumed coverage on shares of LeddarTech in a research note on Tuesday, February 6th. They set a “buy” rating and a $7.00 price objective on the stock.

About LeddarTech

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.