authID Inc. (NASDAQ:AUID) Short Interest Update

authID Inc. (NASDAQ:AUID) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 586,790 shares, a drop of 44.2% from the January 29th total of 1,051,921 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily volume of 604,299 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 604,299 shares, the short-interest ratio is currently 1.0 days. Approximately 4.7% of the company’s shares are sold short.

Insider Buying and Selling at authID

In other authID news, Director Stephen Jeffrey Garchik sold 50,000 shares of authID stock in a transaction on Friday, December 12th. The shares were sold at an average price of $1.06, for a total value of $53,000.00. Following the transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Comerica Bank grew its stake in authID by 11.7% during the first quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after buying an additional 2,000 shares during the period. XTX Topco Ltd acquired a new position in shares of authID during the 2nd quarter valued at $77,000. Connective Capital Management LLC acquired a new stake in authID in the 2nd quarter valued at $402,000. Scoggin Management LP raised its position in authID by 60.4% in the second 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 during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 8.83% of the company’s stock.

authID Trading Down 7.8%

AUID stock opened at $1.66 on Friday. The stock has a 50-day moving average price of $1.39 and a two-hundred day moving average price of $2.19. authID has a 12-month low of $0.84 and a 12-month high of $9.58. The company has a market cap of $22.31 million, a PE ratio of -1.04 and a beta of 1.67.

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.