authID Inc. (NASDAQ:AUID) Short Interest Update

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

authID Trading Down 11.7%

NASDAQ AUID opened at $1.51 on Friday. The firm has a market capitalization of $20.29 million, a PE ratio of -0.94 and a beta of 1.63. The business’s 50-day moving average price is $1.27 and its two-hundred day moving average price is $2.73. authID has a 12 month low of $0.84 and a 12 month high of $9.58.

authID (NASDAQ:AUID) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.38) EPS for the quarter. The company 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 Activity at authID

In other authID news, Director Ken Jisser purchased 40,650 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was purchased at an average price of $1.24 per share, with a total value of $50,406.00. Following the completion of the purchase, the director owned 92,125 shares of the company’s stock, valued at approximately $114,235. The trade was a 78.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen Jeffrey Garchik sold 50,000 shares of authID stock in a transaction on Friday, December 12th. The stock was sold at an average price of $1.06, for a total transaction of $53,000.00. Following 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. The disclosure for this sale is available in the SEC filing. Corporate insiders own 7.20% of the company’s stock.

Hedge Funds Weigh In On authID

A number of hedge funds have recently bought and sold shares of the company. Comerica Bank lifted its holdings in 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 buying an additional 2,000 shares during the period. Private Wealth Asset Management LLC bought a new stake in shares of authID during the 2nd quarter valued at about $138,000. XTX Topco Ltd bought a new stake in shares of authID during the 2nd quarter valued at about $77,000. Connective Capital Management LLC acquired a new stake in authID during the second quarter worth approximately $402,000. Finally, Scoggin Management LP increased its holdings in authID by 60.4% in the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock worth $2,116,000 after purchasing an additional 150,612 shares in 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.