authID Inc. (NASDAQ:AUID - Get Free Report) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 298,400 shares, a decrease of 13.0% from the November 15th total of 342,800 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average trading volume of 30,600 shares, the short-interest ratio is presently 9.8 days.
Insider Activity at authID
In related news, CEO Rhoniel Daguro purchased 4,000 shares of authID stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of $6.48 per share, with a total value of $25,920.00. Following the completion of the transaction, the chief executive officer now directly owns 24,833 shares of the company's stock, valued at $160,917.84. This represents a 19.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ken Jisser acquired 8,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $6.48 per share, with a total value of $51,840.00. Following the completion of the acquisition, the director now directly owns 51,475 shares in the company, valued at approximately $333,558. This represents a 18.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 5,001 shares of company stock worth $32,597. Corporate insiders own 6.60% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in authID stock. Geode Capital Management LLC lifted its stake in shares of authID Inc. (NASDAQ:AUID - Free Report) by 43.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,847 shares of the company's stock after purchasing an additional 29,810 shares during the quarter. Geode Capital Management LLC owned 0.90% of authID worth $616,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 8.83% of the company's stock.
authID Price Performance
AUID stock traded up $0.35 during mid-day trading on Friday, hitting $6.09. The stock had a trading volume of 68,101 shares, compared to its average volume of 23,874. The firm has a fifty day simple moving average of $6.76 and a 200 day simple moving average of $7.94. authID has a 52 week low of $5.32 and a 52 week high of $13.63.
authID Company Profile
(
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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.
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