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

T Stamp Inc. (NASDAQ:IDAI) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 92,775 shares, a decrease of 51.3% from the May 14th total of 190,347 shares. Based on an average daily volume of 76,557 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of T Stamp during the 4th quarter worth about $220,000. Kestra Advisory Services LLC acquired a new position in shares of T Stamp during the 4th quarter worth about $204,000. Geode Capital Management LLC boosted its position in shares of T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after acquiring an additional 13,125 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of T Stamp during the 1st quarter worth about $44,000. Finally, MidFirst Bank acquired a new position in shares of T Stamp during the 4th quarter worth about $30,000. 16.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IDAI has been the topic of several recent research reports. Wall Street Zen downgraded T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Zacks Research upgraded T Stamp to a “hold” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.00.

T Stamp Stock Up 2.1%

Shares of NASDAQ:IDAI traded up $0.04 on Monday, hitting $1.95. 39,777 shares of the company’s stock were exchanged, compared to its average volume of 66,202. The firm’s 50-day moving average is $2.33 and its 200 day moving average is $2.99. The company has a market capitalization of $10.92 million, a PE ratio of -0.88 and a beta of 0.72. T Stamp has a 1-year low of $1.80 and a 1-year high of $5.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.28 and a current ratio of 5.28.

T Stamp (NASDAQ:IDAI) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.10). The business had revenue of $0.91 million for the quarter, compared to analyst estimates of $0.90 million. T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%. Sell-side analysts predict that T Stamp will post -1.06 EPS for the current year.

About T Stamp

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.