Short Interest in authID Inc. (NASDAQ:AUID) Rises By 404.8%

authID Inc. (NASDAQ:AUID) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,051,921 shares, an increase of 404.8% from the January 15th total of 208,401 shares. Currently, 8.4% of the company’s shares are sold short. Based on an average trading volume of 4,161,398 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 4,161,398 shares, the short-interest ratio is presently 0.3 days. Currently, 8.4% of the company’s shares are sold short.

authID Price Performance

NASDAQ:AUID opened at $1.82 on Wednesday. The stock has a market capitalization of $24.46 million, a PE ratio of -1.14 and a beta of 1.67. The business’s 50-day simple moving average is $1.27 and its 200-day simple moving average is $2.37. authID has a fifty-two week low of $0.84 and a fifty-two week high of $9.58.

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

Insider Transactions at authID

In other authID news, Director Ken Jisser purchased 40,650 shares of the stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $1.24 per share, for a total transaction of $50,406.00. Following the transaction, the director directly owned 92,125 shares in the company, 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 SEC, which is available at the SEC website. Also, Director Stephen Jeffrey Garchik sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were 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 in the company, valued at approximately $1,137,976.78. The trade was a 4.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in authID by 6.1% during the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after buying an additional 25,822 shares during the last quarter. Scoggin Management LP increased its stake in shares of authID by 60.4% during the 2nd quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock worth $2,116,000 after purchasing an additional 150,612 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of authID by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock valued at $121,000 after purchasing an additional 13,087 shares during the period. Connective Capital Management LLC lifted its stake in authID by 59.1% in the 3rd quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock valued at $386,000 after purchasing an additional 44,922 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in authID by 136.4% during 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 during the period. 8.83% of the stock is currently owned by institutional investors.

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.