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

Aware, Inc. (NASDAQ:AWRE) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 56,262 shares, a decrease of 43.8% from the September 15th total of 100,198 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 24,343 shares, the short-interest ratio is presently 2.3 days.

Hedge Funds Weigh In On Aware

An institutional investor recently raised its position in Aware stock. Renaissance Technologies LLC boosted its stake in Aware, Inc. (NASDAQ:AWRE) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 655,712 shares of the software maker’s stock after purchasing an additional 10,139 shares during the period. Renaissance Technologies LLC owned approximately 3.03% of Aware worth $820,000 at the end of the most recent quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Aware Stock Performance

Shares of Aware stock traded down $0.03 during midday trading on Thursday, hitting $0.89. The company had a trading volume of 25,256 shares, compared to its average volume of 40,805. Aware has a 52-week low of $0.86 and a 52-week high of $2.57. The company has a 50 day moving average of $1.18 and a 200 day moving average of $1.26. The stock has a market capitalization of $19.36 million, a P/E ratio of -2.22 and a beta of 1.04.

Aware (NASDAQ:AWRE) last posted its quarterly earnings results on Wednesday, July 29th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Aware had a negative return on equity of 35.21% and a negative net margin of 51.92%. The company had revenue of $3.25 million during the quarter, compared to analysts’ expectations of $3.70 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aware in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Aware has a consensus rating of “Sell”.

Aware Company Profile

Aware, Inc is a biometric software and technology company that develops solutions for identity management, authentication and biometric data processing. Its products support the enrollment, storage, comparison and verification of biometric information, including fingerprints, facial images, irises and other biometric modalities.

The company’s offerings are designed for government agencies, law enforcement, border management, defense organizations and commercial enterprises. Aware provides biometric platforms, identity-management software, application programming interfaces and related tools that can be used to build systems for applicant screening, identity verification, credentialing and secure access.

Aware was founded in 1986 and is headquartered in Bedford, Massachusetts.