Short Interest in T Stamp Inc. (NASDAQ:IDAI) Drops By 33.0%

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 230,074 shares, a decrease of 33.0% from the February 26th total of 343,459 shares. Based on an average trading volume of 42,234 shares, the days-to-cover ratio is presently 5.4 days. Approximately 4.4% of the company’s stock are short sold.

T Stamp Stock Performance

IDAI stock traded up $0.03 during midday trading on Friday, reaching $2.32. The stock had a trading volume of 23,335 shares, compared to its average volume of 49,707. The stock has a market cap of $12.16 million, a PE ratio of -1.01 and a beta of 0.74. 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 firm has a fifty day simple moving average of $2.94 and a two-hundred day simple moving average of $3.52. T Stamp has a 52-week low of $1.43 and a 52-week high of $5.28.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of T Stamp from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $12.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IDAI. Potomac Capital Management Inc. acquired a new stake in shares of T Stamp during the fourth quarter worth about $754,000. Argentarii LLC acquired a new position in T Stamp in the 3rd quarter worth approximately $246,000. Jane Street Group LLC purchased a new position in T Stamp during the 4th quarter worth approximately $220,000. Kestra Advisory Services LLC purchased a new position in T Stamp during the 4th quarter worth approximately $204,000. Finally, Geode Capital Management LLC lifted its stake in T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after acquiring an additional 13,125 shares during the period. 16.34% of the stock is currently owned by hedge funds and other institutional investors.

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.