Short Interest in authID Inc. (NASDAQ:AUID) Declines By 42.3%

authID Inc. (NASDAQ:AUID) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 346,086 shares, a decrease of 42.3% from the December 15th total of 600,069 shares. Based on an average trading volume of 280,957 shares, the short-interest ratio is presently 1.2 days. Approximately 2.8% of the shares of the company are short sold. Approximately 2.8% of the shares of the company are short sold. Based on an average trading volume of 280,957 shares, the short-interest ratio is presently 1.2 days.

authID Stock Performance

AUID stock opened at $0.99 on Thursday. The company has a market capitalization of $13.34 million, a price-to-earnings ratio of -0.62 and a beta of 1.63. authID has a fifty-two week low of $0.84 and a fifty-two week high of $9.58. The stock has a fifty day moving average of $1.31 and a 200-day moving average of $2.76.

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

Insider Activity at authID

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

Institutional Trading of authID

A number of institutional investors have recently modified their holdings of AUID. Scoggin Management LP grew its stake in authID by 60.4% in the 2nd quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after buying an additional 150,612 shares in the last quarter. Connective Capital Management LLC purchased a new stake in shares of authID during the second quarter worth $402,000. Corient Private Wealth LLC boosted its holdings in shares of 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 acquiring an additional 30,000 shares during the period. Private Wealth Asset Management LLC purchased a new position in shares of authID in the second quarter valued at $138,000. Finally, Vanguard Group Inc. grew its position in shares of authID by 6.1% in the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after purchasing an additional 25,822 shares in the last quarter. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

authID Company Profile

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.