T Stamp Inc. (NASDAQ:IDAI) Short Interest Down 51.3% in May

T Stamp Inc. (NASDAQ:IDAI) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 92,775 shares, a drop 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 presently 1.2 days. Currently, 1.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IDAI. Potomac Capital Management Inc. bought a new position in T Stamp in the fourth quarter valued at about $754,000. Jane Street Group LLC bought a new position in shares of T Stamp in the fourth quarter worth about $220,000. Kestra Advisory Services LLC acquired a new stake in shares of T Stamp in the 4th quarter valued at approximately $204,000. Argentarii LLC boosted its stake in shares of T Stamp by 53.8% in the 4th quarter. Argentarii LLC now owns 115,363 shares of the company’s stock valued at $451,000 after purchasing an additional 40,363 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of T Stamp during the 1st quarter valued at approximately $44,000. Institutional investors own 16.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on IDAI shares. Zacks Research raised shares of T Stamp to a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen cut T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, T Stamp presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

T Stamp Trading Down 2.1%

Shares of T Stamp stock opened at $1.91 on Friday. The business’s 50 day moving average is $2.34 and its 200-day moving average is $3.01. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.15. T Stamp has a 12-month low of $1.80 and a 12-month high of $5.28. The stock has a market cap of $10.70 million, a P/E ratio of -0.86 and a beta of 0.72.

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

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.