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

T Stamp Inc. (NASDAQ:IDAI) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 137,846 shares, an increase of 94.5% from the August 31st total of 70,881 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 37,169 shares, the short-interest ratio is currently 3.7 days.

T Stamp Stock Up 2.6%

Shares of NASDAQ:IDAI opened at $3.12 on Tuesday. The company has a market capitalization of $17.60 million, a PE ratio of -1.55 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.48 and a quick ratio of 6.48. The business has a fifty day moving average price of $2.87 and a two-hundred day moving average price of $2.47. T Stamp has a 1 year low of $1.17 and a 1 year high of $5.28.

T Stamp (NASDAQ:IDAI) last released its 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). The business had revenue of $0.90 million for the quarter, compared to the consensus estimate of $0.90 million. T Stamp had a negative return on equity of 137.70% and a negative net margin of 272.78%. Analysts forecast that T Stamp will post -1.39 earnings per share for the current year.

Insider Activity at T Stamp

In other T Stamp news, CEO Gareth Neville Genner purchased 9,394 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average cost of $3.04 per share, with a total value of $28,557.76. Following the completion of the transaction, the chief executive officer owned 150,075 shares of the company’s stock, valued at $456,228. The trade was a 6.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 20,927 shares of company stock worth $60,325 over the last three months. Company insiders own 4.48% of the company’s stock.

Institutional Trading of T Stamp

Several hedge funds have recently added to or reduced their stakes in IDAI. Potomac Capital Management Inc. purchased a new stake in shares of T Stamp during the 4th quarter worth approximately $754,000. Dimensional Fund Advisors LP bought a new position in T Stamp during the first quarter valued at $44,000. MidFirst Bank bought a new position in T Stamp during the fourth quarter valued at $30,000. Finally, Kestra Advisory Services LLC increased its position 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 buying an additional 4,000 shares during the last quarter. Institutional investors own 16.34% of the company’s stock.

About T Stamp

T Stamp, Inc (NASDAQ: IDAI) is an artificial intelligence and identity technology company that provides digital identity verification, authentication and fraud prevention solutions. Its platform is designed to help organizations establish that an individual is real, verify identity information and detect potentially fraudulent activity while emphasizing privacy and data security.

The company’s offerings include facial biometrics, liveness detection, identity document verification, risk assessment and privacy-preserving identity tokenization.