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

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

Hedge Funds Weigh In On authID

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

authID Price Performance

Shares of AUID stock opened at $6.28 on Friday. The company has a market cap of $68.58 million, a price-to-earnings ratio of -4.30 and a beta of 2.10. The stock has a 50 day simple moving average of $5.85 and a 200-day simple moving average of $6.47. authID has a 1-year low of $4.01 and a 1-year high of $12.31.

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

authID Company Profile

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.