T Stamp Inc. (NASDAQ:IDAI) Short Interest Update

T Stamp Inc. (NASDAQ:IDAI) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 74,217 shares, a drop of 52.6% from the July 15th total of 156,486 shares. Based on an average daily volume of 32,906 shares, the short-interest ratio is presently 2.3 days. Currently, 1.4% of the company’s stock are short sold.

Institutional Investors Weigh In On T Stamp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDAI. MidFirst Bank purchased a new stake in shares of T Stamp in the fourth quarter worth $30,000. Dimensional Fund Advisors LP purchased a new position in shares of T Stamp in the first quarter valued at $44,000. Geode Capital Management LLC grew its holdings in shares of T Stamp by 67.7% in the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after purchasing an additional 13,125 shares in the last quarter. Kestra Advisory Services LLC increased its position in T Stamp by 7.7% in the first quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in T Stamp during the fourth quarter valued at $220,000. 16.34% of the stock is owned by hedge funds and other institutional investors.

T Stamp Stock Performance

IDAI stock traded down $0.05 on Friday, hitting $2.44. The company had a trading volume of 38,354 shares, compared to its average volume of 37,644. T Stamp has a 12-month low of $1.17 and a 12-month high of $5.28. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $2.19 and its 200 day simple moving average is $2.45. The stock has a market cap of $13.66 million, a price-to-earnings ratio of -1.21 and a beta of 0.70.

T Stamp (NASDAQ:IDAI) last announced its earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.14). The company had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $0.90 million. T Stamp had a negative net margin of 272.78% and a negative return on equity of 125.35%. As a group, equities research analysts expect that T Stamp will post -1.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised T Stamp to a “hold” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, T Stamp presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

About T Stamp

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.