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

T Stamp Inc. (NASDAQ:IDAI) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 376,700 shares, a growth of 125.8% from the February 29th total of 166,800 shares. Based on an average daily volume of 386,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 4.9% of the shares of the stock are sold short.

T Stamp Trading Down 1.7 %

Shares of IDAI stock traded down $0.02 during mid-day trading on Thursday, hitting $0.92. The company had a trading volume of 236,293 shares, compared to its average volume of 414,003. T Stamp has a 52-week low of $0.77 and a 52-week high of $6.60. The stock’s 50 day moving average price is $1.26 and its 200-day moving average price is $1.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.10 and a quick ratio of 2.10.

Hedge Funds Weigh In On T Stamp

Several hedge funds have recently modified their holdings of the stock. Armistice Capital LLC bought a new position in T Stamp during the fourth quarter valued at $1,033,000. Rafferty Asset Management LLC bought a new position in T Stamp during the third quarter valued at $799,000. Vanguard Group Inc. increased its position in T Stamp by 315.8% during the third quarter. Vanguard Group Inc. now owns 71,835 shares of the company’s stock valued at $71,000 after acquiring an additional 54,559 shares during the last quarter. Citadel Advisors LLC bought a new position in T Stamp during the fourth quarter valued at $43,000. Finally, Virtu Financial LLC bought a new position in T Stamp during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 16.34% of the company’s stock.

About T Stamp

T Stamp Inc develops and markets identity authentication software solutions for government, enterprise partners, and peer-to-peer markets in the United States, the United Kingdom, and Malta. The company's artificial intelligence powered solutions include researching and leveraging biometric science, cryptography, and data mining to deliver insightful identity and trust predictions while identifying and defending against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.