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

T Stamp Inc. (NASDAQ:IDAI) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 81,447 shares, a decrease of 40.9% from the September 15th total of 137,846 shares. Based on an average trading volume of 29,415 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.5% of the shares of the company are sold short.

T Stamp Price Performance

Shares of NASDAQ IDAI traded down $0.09 during midday trading on Friday, reaching $2.71. 27,380 shares of the company traded hands, compared to its average volume of 40,522. T Stamp has a 12 month low of $1.17 and a 12 month high of $5.28. The company has a debt-to-equity ratio of 1.28, a quick ratio of 6.48 and a current ratio of 6.48. The stock’s 50-day simple moving average is $3.04 and its 200-day simple moving average is $2.53. The firm has a market cap of $15.39 million, a PE ratio of -1.35 and a beta of 0.71.

T Stamp (NASDAQ:IDAI) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.48) EPS 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 during 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 acquired 9,394 shares of the stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $3.04 per share, for a total transaction 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. The trade was a 6.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 20,927 shares of company stock valued at $60,325 over the last three months. 4.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T Stamp

A number of hedge funds and other institutional investors have recently bought and sold shares of IDAI. Kestra Advisory Services LLC boosted its position in T Stamp by 7.7% during the 1st 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 period. MidFirst Bank acquired a new position in shares of T Stamp during the fourth quarter valued at about $30,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of T Stamp in the 1st quarter worth about $44,000. Institutional investors own 16.34% of the company’s stock.

T Stamp Company Profile

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.