T Stamp Inc. (NASDAQ:IDAI) Short Interest Update

T Stamp Inc. (NASDAQ:IDAI) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 230,074 shares, a decrease of 33.0% from the February 26th total of 343,459 shares. Approximately 4.4% of the company’s stock are sold short. Based on an average daily trading volume, of 42,234 shares, the days-to-cover ratio is currently 5.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of T Stamp from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $12.00.

T Stamp Stock Up 1.3%

Shares of IDAI traded up $0.03 during mid-day trading on Friday, hitting $2.32. 23,335 shares of the company traded hands, compared to its average volume of 49,707. The business has a 50 day moving average of $2.94 and a 200 day moving average of $3.52. The company has a market capitalization of $12.16 million, a PE ratio of -1.01 and a beta of 0.74. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.18. T Stamp has a 1-year low of $1.43 and a 1-year high of $5.28.

Hedge Funds Weigh In On T Stamp

Several hedge funds have recently made changes to their positions in IDAI. Potomac Capital Management Inc. acquired a new position in T Stamp in the fourth quarter valued at approximately $754,000. Geode Capital Management LLC increased its holdings in shares of T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after purchasing an additional 13,125 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of T Stamp in the 4th quarter valued at $220,000. Kestra Advisory Services LLC purchased a new stake in T Stamp during the fourth quarter worth $204,000. Finally, MidFirst Bank acquired a new stake in T Stamp during the fourth quarter valued at $30,000. 16.34% of the stock is owned by institutional investors and hedge funds.

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.