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

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 company’s shares are short sold. Based on an average daily volume of 29,415 shares, the days-to-cover ratio is presently 2.8 days.

Insider Activity

In other T Stamp news, CEO Gareth Genner bought 9,394 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $3.04 per share, for a total transaction of $28,557.76. Following the transaction, the chief executive officer directly owned 150,075 shares in the company, valued at approximately $456,228. This trade represents a 6.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders bought 20,927 shares of company stock valued at $60,325. 4.48% of the stock is owned by insiders.

Institutional Trading of T Stamp

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC lifted 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 valued at $134,000 after acquiring an additional 4,000 shares during the period. MidFirst Bank acquired a new position in shares of T Stamp during the 4th quarter valued at $30,000. Finally, Dimensional Fund Advisors LP bought a new position in T Stamp during the first quarter worth $44,000. Institutional investors own 16.34% of the company’s stock.

T Stamp Price Performance

Shares of IDAI stock opened at $2.79 on Thursday. The stock has a 50 day simple moving average of $3.05 and a two-hundred day simple moving average of $2.52. 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 has a fifty-two week low of $1.17 and a fifty-two week high of $5.28.

T Stamp (NASDAQ:IDAI) last issued its quarterly 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 business had revenue of $0.90 million during the quarter, compared to analyst estimates of $0.90 million. T Stamp had a negative net margin of 272.78% and a negative return on equity of 137.70%. As a group, analysts forecast that T Stamp will post -1.39 earnings per share for the current fiscal year.

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.