T Stamp Inc. (NASDAQ:IDAI) Short Interest Up 48.6% in February

T Stamp Inc. (NASDAQ:IDAI) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 273,612 shares, an increase of 48.6% from the January 29th total of 184,136 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average trading volume of 92,659 shares, the short-interest ratio is presently 3.0 days. Based on an average trading volume of 92,659 shares, the short-interest ratio is presently 3.0 days. Currently, 5.3% of the company’s stock are short sold.

Institutional Investors Weigh In On T Stamp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Potomac Capital Management Inc. acquired a new position in shares of T Stamp in the 4th quarter valued at $754,000. Argentarii LLC acquired a new position in T Stamp in the third quarter valued at $246,000. Jane Street Group LLC purchased a new position in shares of T Stamp during the fourth quarter worth about $220,000. Kestra Advisory Services LLC acquired a new stake in shares of T Stamp during the fourth quarter worth about $204,000. Finally, Geode Capital Management LLC lifted 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 valued at $127,000 after purchasing an additional 13,125 shares during the last quarter. Institutional investors and hedge funds own 16.34% of the company’s stock.

T Stamp Stock Down 0.4%

NASDAQ:IDAI traded down $0.01 during trading hours on Friday, hitting $2.54. The company’s stock had a trading volume of 37,696 shares, compared to its average volume of 107,203. T Stamp has a 52-week low of $1.43 and a 52-week high of $5.28. 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 stock has a market capitalization of $13.31 million, a P/E ratio of -1.10 and a beta of 0.70. The stock has a fifty day moving average of $3.50 and a 200-day moving average of $3.56.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $12.00.

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.