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

T Stamp Inc. (NASDAQ:IDAI) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 74,217 shares, a decline of 52.6% from the July 15th total of 156,486 shares. Based on an average daily trading volume, of 32,906 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.4% of the company’s shares are short sold.

T Stamp Stock Down 2.0%

Shares of NASDAQ IDAI traded down $0.05 during mid-day trading on Friday, hitting $2.44. 38,354 shares of the stock traded hands, compared to its average volume of 37,644. The company has a market cap of $13.66 million, a price-to-earnings ratio of -1.21 and a beta of 0.70. The stock has a fifty day moving average price of $2.19 and a 200-day moving average price of $2.45. T Stamp has a 52 week low of $1.17 and a 52 week high of $5.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.28 and a current ratio of 5.28.

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

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of T Stamp to a “hold” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IDAI. Potomac Capital Management Inc. bought a new stake in T Stamp during the fourth quarter worth about $754,000. Jane Street Group LLC bought a new position in shares of T Stamp during the fourth quarter valued at approximately $220,000. Kestra Advisory Services LLC increased its stake in shares of T Stamp by 7.7% during the first quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock valued at $134,000 after purchasing an additional 4,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of T Stamp by 67.7% during 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. Finally, Dimensional Fund Advisors LP purchased a new position in shares of T Stamp during the first quarter valued at approximately $44,000. 16.34% of the stock is currently owned by institutional investors.

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.