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

authID Inc. (NASDAQ:AUID - Get Free Report) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 352,900 shares, an increase of 5.1% from the October 15th total of 335,700 shares. Approximately 3.8% of the company's stock are sold short. Based on an average daily volume of 26,600 shares, the days-to-cover ratio is presently 13.3 days.

Insider Activity

In related news, CTO Thomas Robert Szoke sold 5,000 shares of authID stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $8.30, for a total transaction of $41,500.00. Following the transaction, the chief technology officer now directly owns 28,653 shares of the company's stock, valued at $237,819.90. This trade represents a 14.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 17,240 shares of company stock worth $138,055. 6.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On authID

An institutional investor recently bought a new position in authID stock. Brighton Jones LLC purchased a new stake in shares of authID Inc. (NASDAQ:AUID - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,392 shares of the company's stock, valued at approximately $191,000. Brighton Jones LLC owned about 0.19% of authID as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 8.83% of the company's stock.

authID Trading Down 1.0 %

Shares of NASDAQ:AUID traded down $0.07 on Monday, reaching $6.81. The company had a trading volume of 47,276 shares, compared to its average volume of 22,818. authID has a 52-week low of $5.36 and a 52-week high of $13.63. The firm's 50 day simple moving average is $7.22 and its 200-day simple moving average is $8.20.

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.