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

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 232,517 shares, a drop of 17.2% from the December 31st total of 280,964 shares. Based on an average daily volume of 78,680 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.5% of the shares of the company are short sold. Approximately 4.5% of the shares of the company are short sold. Based on an average daily volume of 78,680 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On T Stamp

An institutional investor recently raised its position in T Stamp stock. Argentarii LLC lifted its position in shares of T Stamp Inc. (NASDAQ:IDAI) by 53.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,363 shares of the company’s stock after acquiring an additional 40,363 shares during the quarter. Argentarii LLC owned 2.20% of T Stamp worth $451,000 at the end of the most recent quarter. 16.34% of the stock is currently owned by hedge funds and other institutional investors.

T Stamp Price Performance

NASDAQ:IDAI traded down $0.26 during trading hours on Wednesday, hitting $2.75. The company’s stock had a trading volume of 84,467 shares, compared to its average volume of 86,109. T Stamp has a 52-week low of $1.43 and a 52-week high of $5.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.98 and a current ratio of 1.98. The business’s 50-day moving average is $3.93 and its two-hundred day moving average is $3.57. The company has a market capitalization of $14.41 million, a PE ratio of -1.19 and a beta of 0.70.

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

Wall Street Analysts Forecast Growth

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

T Stamp Company Profile

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.