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

authID Inc. (NASDAQ:AUID) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 273,100 shares, a drop of 13.6% from the February 13th total of 316,000 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 33,100 shares, the short-interest ratio is presently 8.3 days.

authID Price Performance

AUID opened at $5.45 on Thursday. The company’s 50 day moving average price is $5.83 and its two-hundred day moving average price is $6.47. The firm has a market capitalization of $59.52 million, a price-to-earnings ratio of -3.73 and a beta of 2.10. authID has a fifty-two week low of $4.01 and a fifty-two week high of $12.31.

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

Institutional Investors Weigh In On authID

Several institutional investors and hedge funds have recently made changes to their positions in AUID. Geode Capital Management LLC lifted its stake in shares of authID by 43.8% in the third quarter. Geode Capital Management LLC now owns 97,847 shares of the company’s stock worth $616,000 after acquiring an additional 29,810 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. Northern Trust Corp lifted its position in shares of authID by 25.8% in the 4th quarter. Northern Trust Corp now owns 13,036 shares of the company’s stock worth $78,000 after purchasing an additional 2,675 shares during the period. Finally, Comerica Bank boosted its stake in shares of authID by 58.2% in 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 last quarter. Institutional investors and hedge funds 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.