T Stamp Inc. (NASDAQ:IDAI) Sees Significant Increase in Short Interest

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 79,200 shares, an increase of 143.7% from the February 13th total of 32,500 shares. Approximately 4.2% of the company’s shares are sold short. Based on an average daily trading volume, of 276,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in T Stamp stock. Geode Capital Management LLC boosted its holdings in shares of T Stamp Inc. (NASDAQ:IDAI) by 69.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,661 shares of the company’s stock after purchasing an additional 61,246 shares during the period. Geode Capital Management LLC owned about 6.80% of T Stamp worth $132,000 at the end of the most recent reporting period. 16.34% of the stock is owned by institutional investors and hedge funds.

T Stamp Trading Up 4.4 %

Shares of IDAI traded up $0.09 during trading hours on Friday, hitting $2.14. The company had a trading volume of 81,337 shares, compared to its average volume of 387,468. The firm has a market cap of $5.22 million, a P/E ratio of -0.16 and a beta of 0.37. The stock’s 50 day moving average price is $3.67 and its 200 day moving average price is $4.48. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.18. T Stamp has a 52-week low of $1.91 and a 52-week high of $19.05.

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.