T Stamp Inc. (NASDAQ:IDAI) Shares Shorted: Short Interest Down 40.9% in September

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 81,447 shares, a decline of 40.9% from the September 15th total of 137,846 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 29,415 shares, the short-interest ratio is currently 2.8 days.

T Stamp Stock Down 4.1%

Shares of IDAI stock opened at $2.79 on Thursday. The business’s 50 day simple moving average is $3.05 and its 200 day simple moving average is $2.52. T Stamp has a one year low of $1.17 and a one year high of $5.28. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.28.

T Stamp (NASDAQ:IDAI) last released 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). T Stamp had a negative net margin of 272.78% and a negative return on equity of 137.70%. The firm had revenue of $0.90 million for the quarter, compared to analyst estimates of $0.90 million. As a group, equities analysts anticipate that T Stamp will post -1.39 earnings per share for the current fiscal year.

Insider Buying and Selling at T Stamp

In related news, CEO Gareth Genner purchased 9,394 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $3.04 per share, with a total value of $28,557.76. Following the completion of the purchase, the chief executive officer owned 150,075 shares in the company, valued at approximately $456,228. This represents a 6.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 20,927 shares of company stock valued at $60,325 over the last ninety days. Corporate insiders own 4.48% of the company’s stock.

Institutional Investors Weigh In On T Stamp

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC raised its stake in T Stamp by 7.7% during the first quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after buying an additional 4,000 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in T Stamp in the first quarter valued at $44,000. Finally, MidFirst Bank acquired a new position in T Stamp in the fourth quarter valued at $30,000. 16.34% of the stock is currently owned by institutional investors and hedge funds.

About T Stamp

T Stamp Inc, formerly known as Trust Stamp, develops artificial intelligence and biometric identity technologies designed to help organizations verify identities while protecting sensitive personal information. Its platform uses privacy-enhancing methods to create and compare digital representations of identity data without requiring organizations to retain conventional biometric information in its original form.

The company’s products and services support identity verification, know-your-customer and anti-money-laundering compliance, fraud prevention, account opening, authentication, and age or eligibility verification.