T Stamp Inc. (NASDAQ:IDAI) Short Interest Down 20.8% in January

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 184,136 shares, a decrease of 20.8% from the January 15th total of 232,517 shares. Based on an average trading volume of 88,250 shares, the days-to-cover ratio is presently 2.1 days. Approximately 3.6% of the company’s shares are sold short. Approximately 3.6% of the company’s shares are sold short. Based on an average trading volume of 88,250 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded T Stamp from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, T Stamp presently has an average rating of “Buy” and a consensus target price of $12.00.

T Stamp Stock Up 6.3%

NASDAQ:IDAI traded up $0.18 during trading hours on Friday, hitting $3.05. The company’s stock had a trading volume of 41,326 shares, compared to its average volume of 89,452. The stock has a market capitalization of $15.98 million, a P/E ratio of -1.33 and a beta of 0.70. The stock has a fifty day moving average of $3.75 and a 200-day moving average of $3.58. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18. T Stamp has a 52-week low of $1.43 and a 52-week high of $5.28.

T Stamp (NASDAQ:IDAI) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.16). T Stamp had a negative return on equity of 290.04% and a negative net margin of 316.25%.The business had revenue of $0.87 million for the quarter, compared to analysts’ expectations of $0.90 million.

Hedge Funds Weigh In On T Stamp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in T Stamp by 67.7% in the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after purchasing an additional 13,125 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of T Stamp in the 4th quarter valued at $204,000. Jane Street Group LLC acquired a new position in shares of T Stamp in the 4th quarter valued at $220,000. Argentarii LLC purchased a new position in shares of T Stamp in the 3rd quarter valued at $246,000. Finally, Potomac Capital Management Inc. acquired a new stake in T Stamp during the 4th quarter worth $754,000. 16.34% of the stock is owned by institutional investors and hedge funds.

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.