T Stamp Inc. (NASDAQ:IDAI – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 206,401 shares, a growth of 153.4% from the September 30th total of 81,447 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 46,122 shares, the short-interest ratio is currently 4.5 days.
T Stamp Price Performance
Shares of NASDAQ IDAI opened at $2.86 on Friday. The firm has a 50-day simple moving average of $3.03 and a 200-day simple moving average of $2.67. 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 52 week low of $1.17 and a 52 week high of $5.28.
T Stamp (NASDAQ:IDAI – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share 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 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 research analysts predict that T Stamp will post -1.39 EPS for the current year.
Insiders Place Their Bets
In other T Stamp news, CEO Gareth Genner bought 9,394 shares of the stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $3.04 per share, with a total value of $28,557.76. Following the purchase, the chief executive officer directly owned 150,075 shares in the company, valued at $456,228. This trade represents a 6.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders acquired 20,927 shares of company stock valued at $60,325. Company insiders own 4.48% of the company’s stock.
Institutional Trading of T Stamp
An institutional investor recently raised its position in T Stamp stock. Kestra Advisory Services LLC grew its holdings in T Stamp Inc. (NASDAQ:IDAI – Free Report) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,050 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. Kestra Advisory Services LLC owned about 1.06% of T Stamp worth $134,000 as of its most recent SEC filing. 16.34% of the stock is owned by institutional investors and hedge funds.
T Stamp Company Profile
T Stamp Inc, doing business as Trust Stamp, is an artificial intelligence and identity services company that develops privacy-focused technologies for identity verification, authentication and fraud prevention. Its platform is designed to help organizations establish trust in digital interactions while limiting the exposure of sensitive personal information.
The company provides biometric identity solutions, including facial recognition, identity matching, document verification and liveness detection.
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