Short Interest in T Stamp Inc. (NASDAQ:IDAI) Declines By 51.3%

T Stamp Inc. (NASDAQ:IDAI) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 92,775 shares, a decrease of 51.3% from the May 14th total of 190,347 shares. Based on an average daily volume of 76,557 shares, the short-interest ratio is currently 1.2 days. Approximately 1.7% of the shares of the stock are short sold.

T Stamp Stock Down 2.1%

Shares of NASDAQ:IDAI opened at $1.91 on Friday. The company has a 50 day moving average of $2.34 and a 200-day moving average of $3.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.28 and a quick ratio of 5.28. T Stamp has a one year low of $1.80 and a one year high of $5.28. The stock has a market cap of $10.70 million, a price-to-earnings ratio of -0.86 and a beta of 0.72.

T Stamp (NASDAQ:IDAI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.10). The company had revenue of $0.91 million for the quarter, compared to analyst estimates of $0.90 million. T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%. On average, sell-side analysts forecast that T Stamp will post -1.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IDAI. Kestra Advisory Services LLC bought a new stake in T Stamp in the 4th quarter valued at approximately $204,000. Argentarii LLC grew its stake in shares of T Stamp by 53.8% during the 4th quarter. Argentarii LLC now owns 115,363 shares of the company’s stock worth $451,000 after acquiring an additional 40,363 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of T Stamp during the 1st quarter worth approximately $44,000. Geode Capital Management LLC raised 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 during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of T Stamp in the fourth quarter valued at approximately $220,000. 16.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Zacks Research upgraded T Stamp to a “hold” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, T Stamp presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

T Stamp Company Profile

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.