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

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 184,136 shares, a decline of 20.8% from the January 15th total of 232,517 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average daily volume of 88,250 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 88,250 shares, the short-interest ratio is presently 2.1 days. Currently, 3.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of T Stamp from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $12.00.

Hedge Funds Weigh In On T Stamp

A number of institutional investors have recently added to or reduced their stakes in IDAI. Geode Capital Management LLC boosted its position in 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 buying an additional 13,125 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of T Stamp during the 4th quarter valued at $204,000. Jane Street Group LLC bought a new stake in T Stamp during the 4th quarter worth $220,000. Argentarii LLC acquired a new position in T Stamp in the 3rd quarter worth about $246,000. Finally, Potomac Capital Management Inc. bought a new position in T Stamp in the fourth quarter valued at about $754,000. 16.34% of the stock is currently owned by institutional investors and hedge funds.

T Stamp Price Performance

Shares of IDAI stock traded down $0.26 during trading hours on Tuesday, reaching $2.79. The company’s stock had a trading volume of 209,610 shares, compared to its average volume of 90,029. T Stamp has a fifty-two week low of $1.43 and a fifty-two week high of $5.28. The firm’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $3.59. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $14.62 million, a price-to-earnings ratio of -1.21 and a beta of 0.70.

T Stamp (NASDAQ:IDAI) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.16). The business had revenue of $0.87 million during the quarter, compared to analyst estimates of $0.90 million. T Stamp had a negative net margin of 316.25% and a negative return on equity of 290.04%.

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.