T Stamp Inc. (NASDAQ:IDAI – Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 74,217 shares, a decrease of 52.6% from the July 15th total of 156,486 shares. Based on an average daily volume of 32,906 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.4% of the company’s stock are sold short.
Institutional Investors Weigh In On T Stamp
Institutional investors and hedge funds have recently bought and sold shares of the business. MidFirst Bank acquired a new position in T Stamp during the fourth quarter worth $30,000. Dimensional Fund Advisors LP acquired a new stake in shares of T Stamp in the 1st quarter valued at $44,000. Geode Capital Management LLC grew its holdings in shares of T Stamp by 67.7% in the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after purchasing an additional 13,125 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of T Stamp by 7.7% in 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. Finally, Jane Street Group LLC acquired a new stake in shares of T Stamp during the 4th quarter worth about $220,000. Institutional investors own 16.34% of the company’s stock.
T Stamp Stock Performance
Shares of IDAI stock traded up $0.07 during trading on Monday, reaching $2.51. The company had a trading volume of 20,977 shares, compared to its average volume of 68,559. The firm’s 50 day simple moving average is $2.19 and its two-hundred day simple moving average is $2.44. T Stamp has a one year low of $1.17 and a one year 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 company has a market capitalization of $14.06 million, a PE ratio of -1.25 and a beta of 0.70.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of T Stamp to a “hold” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.
Get Our Latest Stock Report on IDAI
About T Stamp
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.
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