T Stamp Inc. (NASDAQ:IDAI) Stock Short Interest Declines 40.9%

T Stamp Inc. (NASDAQ:IDAI) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 81,447 shares, a decline of 40.9% from the September 15th total of 137,846 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 29,415 shares, the days-to-cover ratio is presently 2.8 days.

T Stamp Stock Down 3.2%

NASDAQ IDAI traded down $0.09 during trading hours on Friday, hitting $2.71. 27,380 shares of the stock were exchanged, compared to its average volume of 40,522. T Stamp has a 12-month low of $1.17 and a 12-month high of $5.28. The stock has a 50-day moving average of $3.04 and a 200 day moving average of $2.53. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.28.

T Stamp (NASDAQ:IDAI) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.14). T Stamp had a negative net margin of 272.78% and a negative return on equity of 137.70%. The firm had revenue of $0.90 million during the quarter, compared to analyst estimates of $0.90 million. Sell-side analysts predict that T Stamp will post -1.39 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Gareth Genner bought 9,394 shares of T Stamp stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $3.04 per share, for a total transaction of $28,557.76. Following the purchase, the chief executive officer owned 150,075 shares of the company’s stock, valued at approximately $456,228. The trade was a 6.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have acquired 20,927 shares of company stock worth $60,325. 4.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On T Stamp

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new position in shares of T Stamp during the 1st quarter worth approximately $44,000. MidFirst Bank acquired a new position in shares of T Stamp during the 4th quarter worth approximately $30,000. Finally, Kestra Advisory Services LLC raised its position in shares of T Stamp by 7.7% during the 1st quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 16.34% of the company’s stock.

T Stamp Company Profile

T Stamp Inc, formerly known as Trust Stamp, develops artificial intelligence and biometric identity technologies designed to help organizations verify identities while protecting sensitive personal information. Its platform uses privacy-enhancing methods to create and compare digital representations of identity data without requiring organizations to retain conventional biometric information in its original form.

The company’s products and services support identity verification, know-your-customer and anti-money-laundering compliance, fraud prevention, account opening, authentication, and age or eligibility verification.