Short Interest in T Stamp Inc. (NASDAQ:IDAI) Expands By 120.5%

T Stamp Inc. (NASDAQ:IDAI) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 154,600 shares, an increase of 120.5% from the June 30th total of 70,100 shares. Based on an average trading volume of 379,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.6% of the company’s shares are short sold.

T Stamp Price Performance

Shares of IDAI remained flat at $0.42 during mid-day trading on Friday. 542,130 shares of the company traded hands, compared to its average volume of 659,349. T Stamp has a twelve month low of $0.37 and a twelve month high of $3.50. The business has a fifty day moving average of $0.50 and a 200-day moving average of $0.90. The company has a market cap of $4.77 million, a PE ratio of -0.45 and a beta of -0.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61.

T Stamp (NASDAQ:IDAI) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $0.57 million during the quarter. T Stamp had a negative net margin of 166.15% and a negative return on equity of 236.03%.

Institutional Investors Weigh In On T Stamp

An institutional investor recently bought a new position in T Stamp stock. Armistice Capital LLC acquired a new stake in T Stamp Inc. (NASDAQ:IDAI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 754,000 shares of the company’s stock, valued at approximately $1,033,000. Armistice Capital LLC owned approximately 9.12% of T Stamp at the end of the most recent reporting period. 16.34% of the stock is 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.