T Stamp Inc. (NASDAQ:IDAI) Short Interest Down 17.2% in January

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 232,517 shares, a drop of 17.2% from the December 31st total of 280,964 shares. Based on an average daily volume of 78,680 shares, the days-to-cover ratio is currently 3.0 days. Approximately 4.5% of the company’s stock are short sold. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 78,680 shares, the days-to-cover ratio is currently 3.0 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded T Stamp from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, T Stamp currently has an average rating of “Buy” and a consensus price target of $12.00.

Institutional Trading of T Stamp

A hedge fund recently bought a new stake in T Stamp stock. Argentarii LLC acquired a new stake in T Stamp Inc. (NASDAQ:IDAI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 75,000 shares of the company’s stock, valued at approximately $246,000. Argentarii LLC owned 2.95% of T Stamp at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.34% of the company’s stock.

T Stamp Stock Down 5.6%

Shares of NASDAQ IDAI traded down $0.18 during mid-day trading on Tuesday, hitting $3.01. The company had a trading volume of 125,063 shares, compared to its average volume of 79,397. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $3.93 and a two-hundred day simple moving average of $3.57. The company has a market capitalization of $15.77 million, a PE ratio of -1.31 and a beta of 0.70. T Stamp has a one year low of $1.43 and a one year high of $5.28.

T Stamp (NASDAQ:IDAI) last released its earnings results on Friday, November 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.16). The company had revenue of $0.87 million for the quarter, compared to the consensus estimate of $0.90 million. T Stamp had a negative return on equity of 290.04% and a negative net margin of 316.25%.

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.