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

T Stamp Inc. (NASDAQ:IDAI) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 137,846 shares, a growth 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 days-to-cover ratio is presently 3.7 days.

T Stamp Price Performance

NASDAQ IDAI opened at $3.12 on Tuesday. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.28. The company has a market cap of $17.60 million, a PE ratio of -1.55 and a beta of 0.72. T Stamp has a 52 week low of $1.17 and a 52 week high of $5.28. The firm’s 50-day simple moving average is $2.87 and its two-hundred day simple moving average is $2.47.

T Stamp (NASDAQ:IDAI) last posted its earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.14). The business had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $0.90 million. T Stamp had a negative return on equity of 137.70% and a negative net margin of 272.78%. Research analysts predict that T Stamp will post -1.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Gareth Neville Genner acquired 9,394 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $3.04 per share, with a total value of $28,557.76. Following the acquisition, the chief executive officer owned 150,075 shares in the company, valued at $456,228. The trade was a 6.68% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 20,927 shares of company stock valued at $60,325. Company insiders own 4.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IDAI. MidFirst Bank bought a new stake in T Stamp during the 4th quarter valued at $30,000. Dimensional Fund Advisors LP purchased a new stake in shares of T Stamp during the first quarter worth $44,000. Kestra Advisory Services LLC boosted its holdings in shares of 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 acquiring an additional 4,000 shares during the period. Finally, Potomac Capital Management Inc. bought a new position in shares of T Stamp in the fourth quarter worth $754,000. 16.34% of the stock is owned by institutional investors.

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.