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

authID Inc. (NASDAQ:AUID) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 586,790 shares, a decline of 44.2% from the January 29th total of 1,051,921 shares. Based on an average daily volume of 604,299 shares, the days-to-cover ratio is currently 1.0 days. Approximately 4.7% of the shares of the company are sold short. Approximately 4.7% of the shares of the company are sold short. Based on an average daily volume of 604,299 shares, the days-to-cover ratio is currently 1.0 days.

Insider Transactions at authID

In other authID news, Director Stephen Jeffrey Garchik sold 50,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 1,073,563 shares of the company’s stock, valued at $1,137,976.78. This represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is owned by insiders.

Institutional Investors Weigh In On authID

Several hedge funds and other institutional investors have recently made changes to their positions in AUID. Scoggin Management LP increased its stake in shares of 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 during the period. Corient Private Wealth LLC grew its holdings in 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 during the last quarter. HRT Financial LP acquired a new stake in authID in the 4th quarter valued at approximately $69,000. Connective Capital Management LLC bought a new position in authID in the 2nd quarter worth approximately $402,000. Finally, Vanguard Group Inc. lifted its holdings in shares of authID by 6.1% during the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after buying an additional 25,822 shares during the last quarter. 8.83% of the stock is owned by institutional investors and hedge funds.

authID Trading Down 7.8%

Shares of authID stock opened at $1.66 on Friday. The firm has a fifty day simple moving average of $1.39 and a 200-day simple moving average of $2.20. The stock has a market capitalization of $22.31 million, a price-to-earnings ratio of -1.04 and a beta of 1.67. authID has a 1-year low of $0.84 and a 1-year high of $9.58.

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.