Short Interest in authID Inc. (NASDAQ:AUID) Grows By 73.4%

authID Inc. (NASDAQ:AUID) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 976,360 shares, a growth of 73.4% from the February 26th total of 563,017 shares. Approximately 7.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 325,371 shares, the days-to-cover ratio is presently 3.0 days.

authID Price Performance

Shares of NASDAQ AUID opened at $1.22 on Friday. The stock has a market capitalization of $16.40 million, a PE ratio of -0.76 and a beta of 1.67. The business has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.83. authID has a fifty-two week low of $0.84 and a fifty-two week high of $9.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AUID. Scoggin Management LP lifted its position in authID by 60.4% during the second 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 period. Corient Private Wealth LLC increased its holdings in authID by 207.7% in the 4th quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock valued at $140,000 after buying an additional 108,000 shares during the period. HRT Financial LP acquired a new position in shares of authID in the 4th quarter valued at approximately $69,000. Connective Capital Management LLC raised its position in shares of 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 buying an additional 44,922 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of authID by 6.1% during 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 during the period. Institutional investors and hedge funds own 8.83% of the company’s stock.

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.