authID Inc. (NASDAQ:AUID) Sees Large Increase in Short Interest

authID Inc. (NASDAQ:AUID) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 352,900 shares, an increase of 5.1% from the October 15th total of 335,700 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily volume of 26,600 shares, the short-interest ratio is presently 13.3 days.

Insider Buying and Selling

In other authID news, CTO Thomas Robert Szoke sold 9,506 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $8.02, for a total value of $76,238.12. Following the completion of the sale, the chief technology officer now owns 36,119 shares in the company, valued at approximately $289,674.38. The trade was a 20.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 17,240 shares of company stock worth $138,055. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in authID stock. Geode Capital Management LLC raised its stake in shares of authID Inc. (NASDAQ:AUID) by 43.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,847 shares of the company’s stock after purchasing an additional 29,810 shares during the period. Geode Capital Management LLC owned 0.90% of authID worth $616,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.83% of the company’s stock.

authID Price Performance

AUID stock opened at $6.81 on Tuesday. authID has a 52 week low of $5.36 and a 52 week high of $13.63. The company’s 50-day moving average price is $7.22 and its 200 day moving average price is $8.20.

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.