T Stamp Inc. (NASDAQ:IDAI) Short Interest Up 120.5% in July

T Stamp Inc. (NASDAQ:IDAI) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 154,600 shares, an increase of 120.5% from the June 30th total of 70,100 shares. Based on an average daily trading volume, of 379,400 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.6% of the shares of the stock are sold short.

T Stamp Stock Performance

Shares of IDAI stock remained flat at $0.42 during trading hours on Friday. 542,130 shares of the stock were exchanged, compared to its average volume of 659,349. The stock has a 50 day simple moving average of $0.50 and a two-hundred day simple moving average of $0.90. The firm has a market capitalization of $4.77 million, a price-to-earnings ratio of -0.45 and a beta of -0.67. T Stamp has a one year low of $0.37 and a one year high of $3.50. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.61.

T Stamp (NASDAQ:IDAI) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $0.57 million during the quarter. T Stamp had a negative net margin of 166.15% and a negative return on equity of 236.03%.

Institutional Trading of T Stamp

An institutional investor recently bought a new position in T Stamp stock. Armistice Capital LLC bought a new stake in T Stamp Inc. (NASDAQ:IDAI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 754,000 shares of the company’s stock, valued at approximately $1,033,000. Armistice Capital LLC owned about 9.12% of T Stamp as of its most recent SEC filing. Institutional investors and hedge funds own 16.34% of the company’s stock.

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.