authID Inc. (NASDAQ:AUID) Short Interest Update

authID Inc. (NASDAQ:AUID) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 207,600 shares, a decrease of 46.2% from the September 30th total of 386,200 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average trading volume of 99,200 shares, the days-to-cover ratio is currently 2.1 days. Based on an average trading volume of 99,200 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.8% of the shares of the stock are sold short.

Insider Buying and Selling

In other authID news, CTO Thomas Robert Szoke sold 8,944 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $2.93, for a total transaction of $26,205.92. Following the sale, the chief technology officer owned 5,269 shares in the company, valued at $15,438.17. This trade represents a 62.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 10,249 shares of company stock valued at $30,797 over the last quarter. 7.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On authID

A number of hedge funds have recently made changes to their positions in AUID. Scoggin Management LP boosted its stake in shares of authID by 42.5% in the 1st quarter. Scoggin Management LP now owns 249,388 shares of the company’s stock valued at $1,210,000 after purchasing an additional 74,388 shares in the last quarter. Private Wealth Asset Management LLC bought a new stake in authID in the second quarter worth $138,000. Wealthspire Advisors LLC lifted its stake in authID by 1,717.0% in the first quarter. Wealthspire Advisors LLC now owns 542,693 shares of the company’s stock worth $2,632,000 after purchasing an additional 512,826 shares during the last quarter. Corient Private Wealth LLC boosted its position in authID by 136.4% during the second quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock valued at $275,000 after buying an additional 30,000 shares during the period. Finally, Comerica Bank grew its stake in shares of authID by 11.7% during the first quarter. Comerica Bank now owns 19,127 shares of the company’s stock valued at $93,000 after buying an additional 2,000 shares during the last quarter. 8.83% of the stock is currently owned by institutional investors.

authID Trading Down 2.7%

AUID opened at $2.50 on Friday. The stock has a market capitalization of $33.60 million, a P/E ratio of -1.63 and a beta of 1.59. The stock has a 50-day moving average price of $3.15 and a 200-day moving average price of $4.49. authID has a 12-month low of $2.20 and a 12-month high of $9.58.

authID (NASDAQ:AUID) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.33) earnings per share for the quarter. The firm had revenue of $1.45 million for the quarter. authID had a negative net margin of 761.83% and a negative return on equity of 139.80%.

About authID

authID Inc provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop.