T Stamp Inc. (NASDAQ:IDAI) Shares Shorted: Short Interest Up 94.5% in September

by · The Cerbat Gem

T Stamp Inc. (NASDAQ:IDAI – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 137,846 shares, a growth of 94.5% from the August 31st total of 70,881 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average daily volume of 37,169 shares, the short-interest ratio is currently 3.7 days.

T Stamp Stock Performance

NASDAQ:IDAI traded down $0.19 during midday trading on Wednesday, hitting $3.08. The company’s stock had a trading volume of 22,356 shares, compared to its average volume of 63,432. T Stamp has a fifty-two week low of $1.17 and a fifty-two week high of $5.28. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.48 and a quick ratio of 6.48. The firm has a market cap of $17.37 million, a P/E ratio of -1.53 and a beta of 0.72. The firm’s 50 day moving average is $2.91 and its 200-day moving average is $2.48.

T Stamp (NASDAQ:IDAI – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.14). The firm had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $0.90 million. T Stamp had a negative return on equity of 137.70% and a negative net margin of 272.78%. Equities analysts anticipate that T Stamp will post -1.39 earnings per share for the current fiscal year.

Insider Transactions at T Stamp

In other T Stamp news, CEO Gareth Neville Genner bought 9,394 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $3.04 per share, with a total value of $28,557.76. Following the transaction, the chief executive officer owned 150,075 shares of the company’s stock, valued at approximately $456,228. This trade represents a 6.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 20,927 shares of company stock valued at $60,325 over the last quarter. 4.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On T Stamp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Potomac Capital Management Inc. purchased a new stake in shares of T Stamp in the 4th quarter valued at $754,000. Kestra Advisory Services LLC grew its position in T Stamp by 7.7% in the 1st quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock valued at $134,000 after acquiring an additional 4,000 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in T Stamp in the 1st quarter valued at about $44,000. Finally, MidFirst Bank purchased a new stake in T Stamp during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 16.34% of the company’s stock.

About T Stamp

(Get Free Report)

T Stamp, Inc (NASDAQ: IDAI) is an artificial intelligence and identity technology company that provides digital identity verification, authentication and fraud prevention solutions. Its platform is designed to help organizations establish that an individual is real, verify identity information and detect potentially fraudulent activity while emphasizing privacy and data security.

The company’s offerings include facial biometrics, liveness detection, identity document verification, risk assessment and privacy-preserving identity tokenization.

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