T Stamp Inc. (NASDAQ:IDAI) Sees Significant Increase in Short Interest

T Stamp Inc. (NASDAQ:IDAI) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 376,700 shares, an increase of 125.8% from the February 29th total of 166,800 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 386,700 shares, the days-to-cover ratio is currently 1.0 days.

T Stamp Price Performance

NASDAQ IDAI traded down $0.02 during trading hours on Thursday, hitting $0.92. 236,293 shares of the company were exchanged, compared to its average volume of 414,003. T Stamp has a 52-week low of $0.77 and a 52-week high of $6.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.10 and a quick ratio of 2.10. The company has a 50 day moving average of $1.26 and a two-hundred day moving average of $1.41.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Rafferty Asset Management LLC acquired a new stake in T Stamp during the 3rd quarter worth approximately $799,000. Vanguard Group Inc. lifted its position in T Stamp by 21.5% during the 4th quarter. Vanguard Group Inc. now owns 105,833 shares of the company’s stock worth $145,000 after acquiring an additional 18,752 shares during the period. Citadel Advisors LLC acquired a new stake in T Stamp during the 4th quarter worth approximately $43,000. Virtu Financial LLC acquired a new stake in T Stamp during the 4th quarter worth approximately $30,000. Finally, Armistice Capital LLC acquired a new stake in T Stamp during the 4th quarter worth approximately $1,033,000. Hedge funds and other institutional investors own 16.34% of the company’s stock.

About T Stamp

T Stamp Inc develops and markets identity authentication software solutions for government, enterprise partners, and peer-to-peer markets in the United States, the United Kingdom, and Malta. The company's artificial intelligence powered solutions include researching and leveraging biometric science, cryptography, and data mining to deliver insightful identity and trust predictions while identifying and defending against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.