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

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

authID Stock Down 3.2%

authID stock opened at $1.22 on Friday. The business has a fifty day moving average of $1.57 and a two-hundred day moving average of $1.82. The firm has a market cap of $16.40 million, a P/E ratio of -0.76 and a beta of 1.67. authID has a twelve month low of $0.84 and a twelve month high of $9.58.

Institutional Investors Weigh In On authID

A number of institutional investors have recently added to or reduced their stakes in AUID. Vanguard Group Inc. grew its stake in authID by 6.1% in the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after purchasing an additional 25,822 shares during the last quarter. Scoggin Management LP lifted its position in shares of authID by 60.4% during the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after buying an additional 150,612 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of authID by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock valued at $121,000 after buying an additional 13,087 shares in the last quarter. Finally, Connective Capital Management LLC grew 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 worth $386,000 after buying an additional 44,922 shares during the last quarter. Institutional investors own 8.83% of the company’s stock.

About authID

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.