T Stamp Inc. (NASDAQ:IDAI) Short Interest Up 25.5% in February

T Stamp Inc. (NASDAQ:IDAI) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 343,459 shares, an increase of 25.5% from the February 12th total of 273,612 shares. Based on an average daily volume of 111,553 shares, the short-interest ratio is presently 3.1 days. Currently, 6.6% of the company’s stock are sold short. Currently, 6.6% of the company’s stock are sold short. Based on an average daily volume of 111,553 shares, the short-interest ratio is presently 3.1 days.

Wall Street Analyst Weigh In

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

Institutional Trading of T Stamp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Argentarii LLC bought a new stake in shares of T Stamp in the 3rd quarter valued at approximately $246,000. Geode Capital Management LLC boosted its position 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 in the last quarter. Potomac Capital Management Inc. purchased a new stake in T Stamp during the 4th quarter worth approximately $754,000. Jane Street Group LLC acquired a new position in shares of T Stamp in the fourth quarter valued at about $220,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of T Stamp during the fourth quarter worth $204,000. 16.34% of the stock is currently owned by institutional investors.

T Stamp Price Performance

NASDAQ:IDAI traded up $0.03 during mid-day trading on Friday, hitting $2.42. 18,728 shares of the company’s stock were exchanged, compared to its average volume of 80,265. T Stamp has a one year low of $1.43 and a one year high of $5.28. The business has a fifty day moving average price of $3.27 and a 200 day moving average price of $3.55. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18.

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.