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

authID Inc. (NASDAQ:AUID) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 600,069 shares, a decrease of 29.7% from the November 30th total of 853,560 shares. Based on an average daily volume of 442,622 shares, the short-interest ratio is currently 1.4 days. Currently, 4.8% of the shares of the stock are sold short. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily volume of 442,622 shares, the short-interest ratio is currently 1.4 days.

authID Stock Performance

NASDAQ AUID opened at $0.86 on Wednesday. The business has a fifty day moving average price of $1.65 and a 200 day moving average price of $3.06. The company has a market cap of $11.61 million, a P/E ratio of -0.54 and a beta of 1.61. authID has a one year low of $0.84 and a one year high of $9.58.

authID (NASDAQ:AUID) last released its earnings results on Wednesday, November 12th. The company reported ($0.38) earnings per share (EPS) for the quarter. The business 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 news, Director Ken Jisser bought 40,650 shares of authID stock in a transaction on Tuesday, November 25th. The stock was acquired at an average price of $1.24 per share, with a total value of $50,406.00. Following the completion of the acquisition, the director directly owned 92,125 shares of the company’s stock, valued at $114,235. The trade was a 78.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 value of $53,000.00. Following the completion of the transaction, the director owned 1,073,563 shares in the company, valued at approximately $1,137,976.78. This trade represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of authID during the 2nd quarter worth approximately $77,000. Comerica Bank boosted 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 last quarter. Private Wealth Asset Management LLC purchased a new stake in authID in the 2nd quarter valued at $138,000. Corient Private Wealth LLC increased its stake in shares of authID by 136.4% in the 2nd 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 last quarter. Finally, Connective Capital Management LLC acquired a new stake in shares of authID in the 2nd quarter worth $402,000. 8.83% of the stock is 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.