authID Inc. (NASDAQ:AUID) Short Interest Update

authID Inc. (NASDAQ:AUID) was the recipient of a significant 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 short sold. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is currently 14.5 days.

authID Stock Performance

AUID traded down $0.50 during trading on Thursday, reaching $6.90. The stock had a trading volume of 23,037 shares, compared to its average volume of 22,119. The stock has a 50 day moving average of $7.36 and a two-hundred day moving average of $8.21. authID has a 1-year low of $5.36 and a 1-year high of $13.63.

authID (NASDAQ:AUID) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.34) earnings per share (EPS) for the quarter. The company 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%.

Insider Buying and Selling

In related news, CTO Thomas Robert Szoke sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $8.30, for a total value of $41,500.00. Following the sale, the chief technology officer now owns 28,653 shares of the company’s stock, valued at approximately $237,819.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 15,740 shares of company stock worth $127,690 over the last ninety days. 6.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in authID stock. Brighton Jones LLC acquired a new position in shares of authID Inc. (NASDAQ:AUID) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,392 shares of the company’s stock, valued at approximately $191,000. Brighton Jones LLC owned 0.19% of authID at the end of the most recent quarter. Hedge funds and other institutional investors own 8.83% of the company’s stock.

About authID

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.