Aware, Inc. (NASDAQ:AWRE) Sees Large Decline in Short Interest

Aware, Inc. (NASDAQ:AWRE) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 56,262 shares, a decline of 43.8% from the September 15th total of 100,198 shares. Based on an average daily volume of 24,343 shares, the short-interest ratio is currently 2.3 days. Approximately 0.4% of the company’s stock are short sold.

Aware Trading Up 7.9%

Shares of AWRE traded up $0.07 during trading hours on Friday, hitting $0.95. 4,890 shares of the stock traded hands, compared to its average volume of 40,632. The business has a fifty day moving average of $1.17 and a 200-day moving average of $1.26. The firm has a market capitalization of $20.72 million, a PE ratio of -2.37 and a beta of 1.04. Aware has a 1-year low of $0.86 and a 1-year high of $2.57.

Aware (NASDAQ:AWRE) last posted its earnings results on Wednesday, July 29th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Aware had a negative return on equity of 35.21% and a negative net margin of 51.92%. The business had revenue of $3.25 million for the quarter, compared to the consensus estimate of $3.70 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Aware stock. Renaissance Technologies LLC grew its stake in Aware, Inc. (NASDAQ:AWRE) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 655,712 shares of the software maker’s stock after purchasing an additional 10,139 shares during the period. Renaissance Technologies LLC owned about 3.03% of Aware worth $820,000 as of its most recent filing with the Securities and Exchange Commission. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a report on Thursday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Aware currently has a consensus rating of “Sell”.

About Aware

Aware, Inc is a biometric software and technology company that develops solutions for identity management, authentication and biometric data processing. Its products support the enrollment, storage, comparison and verification of biometric information, including fingerprints, facial images, irises and other biometric modalities.

The company’s offerings are designed for government agencies, law enforcement, border management, defense organizations and commercial enterprises. Aware provides biometric platforms, identity-management software, application programming interfaces and related tools that can be used to build systems for applicant screening, identity verification, credentialing and secure access.

Aware was founded in 1986 and is headquartered in Bedford, Massachusetts.