authID Inc. (NASDAQ:AUID) Short Interest Update

authID Inc. (NASDAQ:AUID) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 298,400 shares, a drop of 13.0% from the November 15th total of 342,800 shares. Based on an average daily trading volume, of 30,600 shares, the days-to-cover ratio is presently 9.8 days. Approximately 3.3% of the shares of the stock are sold short.

Insider Activity at authID

In other news, CEO Rhoniel Daguro acquired 4,000 shares of authID stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $6.48 per share, with a total value of $25,920.00. Following the purchase, the chief executive officer now owns 24,833 shares in the company, valued at $160,917.84. This trade represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ken Jisser bought 8,000 shares of the stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of $6.48 per share, for a total transaction of $51,840.00. Following the purchase, the director now owns 51,475 shares in the company, valued at $333,558. The trade was a 18.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 5,001 shares of company stock valued at $32,597. 6.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On authID

An institutional investor recently raised its position in authID stock. Geode Capital Management LLC raised its stake in authID Inc. (NASDAQ:AUID) by 43.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,847 shares of the company’s stock after buying an additional 29,810 shares during the quarter. Geode Capital Management LLC owned approximately 0.90% of authID worth $616,000 at the end of the most recent quarter. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

authID Stock Up 6.1 %

Shares of NASDAQ AUID opened at $6.09 on Monday. The company has a 50-day moving average of $6.76 and a 200 day moving average of $7.94. authID has a 12-month low of $5.32 and a 12-month high of $13.63.

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.