authID Inc. (NASDAQ:AUID) Sees Significant Decrease in Short Interest

authID Inc. (NASDAQ:AUID) was the recipient 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. Based on an average daily volume of 33,100 shares, the short-interest ratio is currently 8.3 days. Approximately 3.0% of the shares of the company are sold short.

Institutional Investors Weigh In On authID

Institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings 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 purchasing an additional 2,675 shares in the last quarter. Comerica Bank lifted its position in shares of 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. Corient Private Wealth LLC lifted its position in shares of 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 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% during the third 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 last quarter. 8.83% of the stock is owned by hedge funds and other institutional investors.

authID Trading Up 15.2 %

authID stock opened at $6.28 on Friday. The firm has a 50 day moving average of $5.85 and a 200 day moving average of $6.47. The firm has a market capitalization of $68.58 million, a price-to-earnings ratio of -4.30 and a beta of 2.10. authID has a 12-month low of $4.01 and a 12-month high of $12.31.

authID (NASDAQ:AUID) last released its earnings results on Thursday, March 13th. The company reported ($0.49) earnings per share (EPS) for the quarter. The firm 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%.

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.