T Stamp Inc. (NASDAQ:IDAI) Sees Large Decrease in Short Interest

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a large drop in short interest during the month of 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. Approximately 1.7% of the company’s shares are sold short. Based on an average trading volume of 76,557 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of T Stamp

Several large investors have recently bought and sold shares of IDAI. MidFirst Bank purchased a new stake in T Stamp during the 4th quarter worth approximately $30,000. Dimensional Fund Advisors LP purchased a new stake in T Stamp during the 1st quarter worth approximately $44,000. Geode Capital Management LLC grew its position in T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after purchasing an additional 13,125 shares during the last quarter. Kestra Advisory Services LLC grew 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 purchasing an additional 4,000 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in T Stamp during the 4th quarter worth approximately $220,000. Hedge funds and other institutional investors own 16.34% of the company’s stock.

T Stamp Stock Down 2.1%

Shares of T Stamp stock traded down $0.04 on Friday, reaching $1.91. The stock had a trading volume of 78,983 shares, compared to its average volume of 58,330. The company has a 50 day moving average price of $2.34 and a 200 day moving average price of $3.00. 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 1 year low of $1.80 and a 1 year high of $5.28. The stock has a market capitalization of $10.70 million, a P/E ratio of -0.86 and a beta of 0.72.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IDAI shares. Wall Street Zen lowered shares of T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Zacks Research upgraded 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

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.