authID Inc. (NASDAQ:AUID) Sees Large Increase in Short Interest

authID Inc. (NASDAQ:AUIDGet Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 605,400 shares, a growth of 90.6% from the March 15th total of 317,600 shares. Based on an average daily volume of 113,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 5.9% of the company’s shares are short sold.

authID Trading Up 1.3 %

Shares of AUID stock opened at $8.07 on Friday. The business’s 50-day moving average price is $5.78 and its 200-day moving average price is $6.26. authID has a 12 month low of $4.01 and a 12 month high of $12.31. The firm has a market capitalization of $88.13 million, a price-to-earnings ratio of -5.53 and a beta of 2.01.

authID (NASDAQ:AUIDGet Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.49) earnings per share for the quarter. The business had revenue of $199.75 million for the quarter. authID had a negative return on equity of 89.02% and a negative net margin of 1,702.46%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Northern Trust Corp increased its stake in shares of authID by 25.8% in the fourth quarter. Northern Trust Corp now owns 13,036 shares of the company’s stock valued at $78,000 after buying an additional 2,675 shares during the period. Comerica Bank increased its position in authID by 58.2% during the 4th quarter. Comerica Bank now owns 17,127 shares of the company’s stock valued at $103,000 after purchasing an additional 6,300 shares during the period. Corient Private Wealth LLC raised its holdings in authID by 40.8% during the 4th quarter. Corient Private Wealth LLC now owns 22,000 shares of the company’s stock worth $132,000 after purchasing an additional 6,375 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of authID by 43.8% in the 3rd quarter. Geode Capital Management LLC now owns 97,847 shares of the company’s stock worth $616,000 after purchasing an additional 29,810 shares during the period. 8.83% of the stock is owned by institutional investors.

About authID

(Get Free Report)

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.

Further Reading

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