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

T Stamp Inc. (NASDAQ:IDAI) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 65,100 shares, a decrease of 29.5% from the September 30th total of 92,300 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average daily volume of 549,400 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 549,400 shares, the short-interest ratio is currently 0.1 days. Approximately 3.2% of the shares of the stock are short sold.

Institutional Trading of T Stamp

A hedge fund recently bought a new stake in T Stamp stock. Argentarii LLC bought a new position in T Stamp Inc. (NASDAQ:IDAI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 75,000 shares of the company’s stock, valued at approximately $246,000. Argentarii LLC owned about 2.95% of T Stamp at the end of the most recent reporting period. 16.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen raised T Stamp to a “hold” rating in a report on Saturday. Maxim Group increased their price objective on T Stamp from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $12.00.

T Stamp Price Performance

Shares of NASDAQ:IDAI traded down $0.07 on Monday, hitting $4.19. The company’s stock had a trading volume of 253,613 shares, compared to its average volume of 243,840. The company has a 50-day simple moving average of $3.39 and a 200 day simple moving average of $2.79. T Stamp has a 1 year low of $1.43 and a 1 year high of $18.75. The company has a market capitalization of $10.64 million, a PE ratio of -1.59 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.87 and a quick ratio of 0.87.

T Stamp (NASDAQ:IDAI) last released its earnings results on Thursday, August 14th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). The firm had revenue of $0.81 million during the quarter, compared to the consensus estimate of $0.74 million. T Stamp had a negative return on equity of 235.67% and a negative net margin of 273.15%.

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.