Short Interest in authID Inc. (NASDAQ:AUID) Grows By 12.7%

authID Inc. (NASDAQ:AUID) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 335,700 shares, a growth of 12.7% from the September 30th total of 298,000 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 23,100 shares, the days-to-cover ratio is presently 14.5 days.

Insider Activity at authID

In other news, CTO Thomas Robert Szoke sold 5,000 shares of authID stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $8.30, for a total value of $41,500.00. Following the transaction, the chief technology officer now directly owns 28,653 shares in the company, valued at approximately $237,819.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 15,740 shares of company stock worth $127,690. 6.60% of the stock is owned by insiders.

Hedge Funds Weigh In On authID

A hedge fund recently bought a new stake in authID stock. Brighton Jones LLC acquired a new stake in shares of authID Inc. (NASDAQ:AUID) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,392 shares of the company’s stock, valued at approximately $191,000. Brighton Jones LLC owned approximately 0.19% of authID at the end of the most recent quarter. 8.83% of the stock is currently owned by institutional investors and hedge funds.

authID Trading Down 6.8 %

authID stock traded down $0.50 during trading hours on Thursday, hitting $6.90. The stock had a trading volume of 23,037 shares, compared to its average volume of 22,119. The company has a 50-day moving average of $7.36 and a two-hundred day moving average of $8.21. authID has a fifty-two week low of $5.36 and a fifty-two week high of $13.63.

authID (NASDAQ:AUID) last issued its earnings results on Thursday, August 8th. The company reported ($0.34) EPS for the quarter. The firm had revenue of $0.28 million during the quarter. authID had a negative net margin of 2,401.88% and a negative return on equity of 106.67%.

authID Company Profile

authID Inc provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop.