Aware, Inc. (NASDAQ:AWRE) Sees Significant Decrease in Short Interest

Aware, Inc. (NASDAQ:AWRE) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 38,300 shares, a drop of 8.4% from the November 30th total of 41,800 shares. Based on an average trading volume of 51,500 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Aware in a report on Tuesday. They set a “buy” rating on the stock.

Aware Trading Up 21.1 %

Shares of NASDAQ AWRE traded up $0.34 during midday trading on Wednesday, reaching $1.95. The company had a trading volume of 423,402 shares, compared to its average volume of 53,107. Aware has a 1 year low of $1.35 and a 1 year high of $2.97. The business’s 50-day simple moving average is $1.61 and its 200 day simple moving average is $1.90. The stock has a market cap of $41.35 million, a P/E ratio of -5.42 and a beta of 0.77.

Institutional Trading of Aware

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corsair Capital Management L.P. purchased a new position in shares of Aware in the third quarter worth about $146,000. Geode Capital Management LLC increased its holdings in Aware by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 168,740 shares of the software maker’s stock worth $316,000 after buying an additional 37,828 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Aware by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 717,773 shares of the software maker’s stock worth $1,414,000 after buying an additional 25,800 shares during the period. Institutional investors and hedge funds own 24.39% of the company’s stock.

About Aware

Aware, Inc, an authentication company, provides biometrics software products and solutions for government agencies and commercial entities in the United States, the United Kingdom, and internationally. The company offers biometric software solution, including Knomi, a mobile biometric framework which provides multiple biometric modality options; AwareABIS, an automated biometric identification system used for large-scale biometric identification and deduplication; AFIX suite used for small-scale law enforcement focused biometric identification; and AFIX Tracker for fingerprint, palmprint, and latent print identification, as well as AFIX Face, AFIX Verifier, AFIX Identifier, AFIX Comparator, AFIX Engine, and AFIX NIST Transaction Engine.