authID Inc. (NASDAQ:AUID) Short Interest Update

authID Inc. (NASDAQ:AUID) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 600,069 shares, a decrease of 29.7% from the November 30th total of 853,560 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average daily volume of 442,622 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 442,622 shares, the short-interest ratio is currently 1.4 days. Approximately 4.8% of the company’s shares are sold short.

authID Price Performance

Shares of AUID stock opened at $0.94 on Monday. The stock has a market capitalization of $12.67 million, a PE ratio of -0.59 and a beta of 1.61. The business’s 50 day simple moving average is $1.71 and its 200 day simple moving average is $3.11. authID has a one year low of $0.87 and a one year high of $9.58.

authID (NASDAQ:AUID) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.38) earnings per share (EPS) for the quarter. authID had a negative return on equity of 180.17% and a negative net margin of 728.89%.The firm had revenue of ($0.11) million for the quarter.

Insider Buying and Selling at authID

In related news, Director Ken Jisser bought 40,650 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were purchased at an average cost of $1.24 per share, with a total value of $50,406.00. Following the acquisition, the director owned 92,125 shares of the company’s stock, valued at $114,235. This represents a 78.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen Jeffrey Garchik sold 50,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1.06, for a total value of $53,000.00. Following the completion of the sale, the director owned 1,073,563 shares in the company, valued at $1,137,976.78. This trade represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 7.20% of the stock is owned by company insiders.

Institutional Trading of authID

A number of institutional investors have recently bought and sold shares of AUID. Vanguard Group Inc. raised its position in shares of authID by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after acquiring an additional 25,822 shares in the last quarter. Scoggin Management LP boosted its position in shares of authID by 60.4% during the 2nd quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after purchasing an additional 150,612 shares in the last quarter. Connective Capital Management LLC grew its stake in authID by 59.1% during the third quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock worth $386,000 after purchasing an additional 44,922 shares during the period. Corient Private Wealth LLC increased its holdings in authID by 136.4% in the second quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock worth $275,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Private Wealth Asset Management LLC bought a new stake in authID in the second quarter worth approximately $138,000. Institutional investors own 8.83% of the company’s stock.

About authID

authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.

The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.