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

authID Inc. (NASDAQ:AUID) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 976,360 shares, an increase of 73.4% from the February 26th total of 563,017 shares. Currently, 7.8% of the shares of the stock are short sold. Based on an average trading volume of 325,371 shares, the days-to-cover ratio is currently 3.0 days.

authID Price Performance

NASDAQ AUID traded down $0.04 on Friday, reaching $1.23. The company had a trading volume of 179,010 shares, compared to its average volume of 5,998,195. The firm has a market cap of $16.46 million, a price-to-earnings ratio of -0.77 and a beta of 1.67. The business has a 50 day moving average of $1.58 and a two-hundred day moving average of $1.85. authID has a fifty-two week low of $0.84 and a fifty-two week high of $9.58.

Institutional Trading of authID

Several institutional investors and hedge funds have recently modified their holdings of AUID. Scoggin Management LP grew its position in authID by 60.4% in the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock worth $2,116,000 after acquiring an additional 150,612 shares in the last quarter. Corient Private Wealth LLC raised its holdings in authID by 207.7% in the 4th quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock worth $140,000 after purchasing an additional 108,000 shares in the last quarter. HRT Financial LP bought a new stake in shares of authID during the 4th quarter valued at about $69,000. Connective Capital Management LLC increased its position in shares of authID by 59.1% during the third quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock valued at $386,000 after buying an additional 44,922 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of authID by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after acquiring an additional 25,822 shares during the period. Hedge funds and other institutional investors own 8.83% of the company’s stock.

authID Company Profile

authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.

The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.