authID Inc. (NASDAQ:AUID) Sees Significant Decline in Short Interest

authID Inc. (NASDAQ:AUID) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 346,086 shares, a decline of 42.3% from the December 15th total of 600,069 shares. Based on an average trading volume of 280,957 shares, the short-interest ratio is presently 1.2 days. Currently, 2.8% of the shares of the company are short sold. Currently, 2.8% of the shares of the company are short sold. Based on an average trading volume of 280,957 shares, the short-interest ratio is presently 1.2 days.

authID Trading Up 72.3%

authID stock opened at $1.71 on Friday. authID has a 12-month low of $0.84 and a 12-month high of $9.58. The firm has a market capitalization of $22.98 million, a price-to-earnings ratio of -1.07 and a beta of 1.63. The firm has a 50 day moving average of $1.29 and a 200 day moving average of $2.76.

authID (NASDAQ:AUID) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.38) earnings per share for the quarter. The firm had revenue of ($0.11) million during the quarter. authID had a negative return on equity of 180.17% and a negative net margin of 728.89%.

Insider Buying and Selling at authID

In related news, Director Ken Jisser acquired 40,650 shares of authID stock in a transaction dated Tuesday, November 25th. The stock was purchased at an average cost of $1.24 per share, for a total transaction of $50,406.00. Following the purchase, the director directly owned 92,125 shares of the company’s stock, valued at approximately $114,235. This trade represents a 78.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen Jeffrey Garchik sold 50,000 shares of authID stock in a transaction 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 transaction, the director owned 1,073,563 shares in the company, valued at $1,137,976.78. This trade represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On authID

A number of institutional investors and hedge funds have recently bought and sold shares of AUID. Comerica Bank lifted its position in shares of authID by 11.7% in the first quarter. Comerica Bank now owns 19,127 shares of the company’s stock valued at $93,000 after acquiring an additional 2,000 shares in the last quarter. XTX Topco Ltd purchased a new position in authID in the 2nd quarter worth approximately $77,000. Vanguard Group Inc. boosted its stake in authID by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after purchasing an additional 25,822 shares during the period. Private Wealth Asset Management LLC purchased a new stake in authID during the 2nd quarter valued at approximately $138,000. Finally, Corient Private Wealth LLC raised its position in shares of authID by 136.4% during the second quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock valued at $275,000 after buying an additional 30,000 shares during the last quarter. 8.83% of the stock is owned by 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.