authID Inc. (NASDAQ:AUID) Short Interest Update

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

Insiders Place Their Bets

In other authID news, CTO Thomas Robert Szoke sold 5,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $8.30, for a total value of $41,500.00. Following the sale, the chief technology officer now directly owns 28,653 shares of the company’s stock, valued at approximately $237,819.90. This represents a 14.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 15,740 shares of company stock valued at $127,690. 6.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in authID stock. Brighton Jones LLC purchased a new position in shares of authID Inc. (NASDAQ:AUID) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,392 shares of the company’s stock, valued at approximately $191,000. Brighton Jones LLC owned approximately 0.19% of authID as of its most recent filing with the Securities and Exchange Commission (SEC). 8.83% of the stock is owned by institutional investors and hedge funds.

authID Price Performance

Shares of AUID stock opened at $6.88 on Monday. authID has a 52-week low of $5.36 and a 52-week high of $13.63. The business has a 50-day simple moving average of $7.22 and a 200-day simple moving average of $8.19.

About authID

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.