authID Inc. (NASDAQ:AUID - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 335,700 shares, an increase of 12.7% from the September 30th total of 298,000 shares. Currently, 3.7% of the company's shares are sold short. Based on an average daily volume of 23,100 shares, the short-interest ratio is presently 14.5 days.
authID Price Performance
Shares of AUID traded up $0.45 during mid-day trading on Tuesday, hitting $7.41. The company's stock had a trading volume of 8,946 shares, compared to its average volume of 22,089. The company's 50-day moving average is $7.39 and its 200-day moving average is $8.22. authID has a 52-week low of $5.36 and a 52-week high of $13.63.
authID (NASDAQ:AUID - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.34) EPS for the quarter. authID had a negative return on equity of 106.67% and a negative net margin of 2,401.88%. The company had revenue of $0.28 million during the quarter.
Insider Buying and Selling at authID
In other 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 completion of the sale, the chief technology officer now owns 28,653 shares of the company's stock, valued at approximately $237,819.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 15,740 shares of company stock worth $127,690 over the last ninety days. Company insiders own 6.60% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in authID stock. Leo Wealth LLC raised its holdings in authID Inc. (NASDAQ:AUID - Free Report) by 32.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,885 shares of the company's stock after buying an additional 41,667 shares during the quarter. Leo Wealth LLC owned about 1.82% of authID worth $1,311,000 at the end of the most recent reporting period. Institutional investors own 8.83% of the company's stock.
About authID
(
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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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