authID Inc. (NASDAQ:AUID - Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 273,100 shares, a drop of 13.6% from the February 13th total of 316,000 shares. Based on an average trading volume of 33,100 shares, the short-interest ratio is presently 8.3 days. Currently, 3.0% of the company's stock are sold short.
Institutional Trading of authID
Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of authID by 43.8% in the third quarter. Geode Capital Management LLC now owns 97,847 shares of the company's stock valued at $616,000 after purchasing an additional 29,810 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of authID by 40.8% in the fourth quarter. Corient Private Wealth LLC now owns 22,000 shares of the company's stock valued at $132,000 after purchasing an additional 6,375 shares in the last quarter. Comerica Bank grew its position in shares of authID by 58.2% in the fourth quarter. Comerica Bank now owns 17,127 shares of the company's stock valued at $103,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Northern Trust Corp grew its position 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. 8.83% of the stock is owned by hedge funds and other institutional investors.
authID Price Performance
Shares of AUID stock traded up $1.10 during trading hours on Friday, reaching $7.38. The company had a trading volume of 263,816 shares, compared to its average volume of 29,935. The business has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $6.44. authID has a 12 month low of $4.01 and a 12 month high of $12.31. The company has a market cap of $80.60 million, a price-to-earnings ratio of -5.05 and a beta of 2.10.
authID (NASDAQ:AUID - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.49) earnings per share (EPS) for the quarter. authID had a negative return on equity of 89.02% and a negative net margin of 1,702.46%. The firm had revenue of $199.75 million during the quarter.
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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