authID Inc. (NASDAQ:AUID) Short Interest Up 73.4% in March

authID Inc. (NASDAQ:AUID) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 976,360 shares, a growth of 73.4% from the February 26th total of 563,017 shares. Based on an average daily trading volume, of 325,371 shares, the days-to-cover ratio is presently 3.0 days. Currently, 7.8% of the company’s stock are sold short.

authID Stock Performance

Shares of AUID stock traded down $0.04 during mid-day trading on Friday, reaching $1.23. 179,010 shares of the company were exchanged, compared to its average volume of 5,998,195. The company has a market capitalization of $16.46 million, a P/E ratio of -0.77 and a beta of 1.67. authID has a fifty-two week low of $0.84 and a fifty-two week high of $9.58. The business’s 50 day simple moving average is $1.58 and its 200 day simple moving average is $1.85.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AUID. HRT Financial LP acquired a new position in shares of authID in the 4th quarter valued at about $69,000. XTX Topco Ltd bought a new position in shares of authID during the 2nd quarter worth approximately $77,000. Comerica Bank grew its stake in authID by 11.7% during the first quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after buying an additional 2,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in authID by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock worth $121,000 after buying an additional 13,087 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of authID by 207.7% in the 4th quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock valued at $140,000 after buying an additional 108,000 shares in the last quarter. Institutional investors and hedge funds own 8.83% of the company’s stock.

About authID

authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.

The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.