Short Interest in T Stamp Inc. (NASDAQ:IDAI) Declines By 52.6%

T Stamp Inc. (NASDAQ:IDAI) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 74,217 shares, a drop of 52.6% from the July 15th total of 156,486 shares. Based on an average daily trading volume, of 32,906 shares, the short-interest ratio is currently 2.3 days. Currently, 1.4% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of T Stamp to a “hold” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, T Stamp presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Institutional Trading of T Stamp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDAI. Kestra Advisory Services LLC lifted its stake in T Stamp by 7.7% in the first quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after purchasing an additional 4,000 shares during the last quarter. MidFirst Bank purchased a new position in T Stamp during the 4th quarter valued at $30,000. Geode Capital Management LLC boosted its holdings in T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after acquiring an additional 13,125 shares during the period. Dimensional Fund Advisors LP bought a new position in T Stamp in the 1st quarter valued at $44,000. Finally, Jane Street Group LLC purchased a new stake in T Stamp in the fourth quarter worth $220,000. 16.34% of the stock is owned by hedge funds and other institutional investors.

T Stamp Trading Down 2.0%

NASDAQ:IDAI traded down $0.05 during midday trading on Friday, hitting $2.44. 38,354 shares of the company traded hands, compared to its average volume of 37,644. The firm’s fifty day moving average is $2.19 and its 200-day moving average is $2.45. T Stamp has a 12-month low of $1.17 and a 12-month high of $5.28. The firm has a market capitalization of $13.66 million, a P/E ratio of -1.21 and a beta of 0.70. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.15.

T Stamp (NASDAQ:IDAI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.14). T Stamp had a negative return on equity of 125.35% and a negative net margin of 272.78%.The firm had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $0.90 million. On average, sell-side analysts predict that T Stamp will post -1.4 EPS for the current year.

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.