authID Inc. (NASDAQ:AUID) Sees Large Growth in Short Interest

authID Inc. (NASDAQ:AUID) was the recipient of a significant growth in short interest in 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. Based on an average daily volume of 26,600 shares, the short-interest ratio is currently 13.3 days. Approximately 3.8% of the company’s stock are sold short.

Insider Buying and Selling

In other authID news, CTO Thomas Robert Szoke sold 5,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $8.30, for a total value 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 $237,819.90. The trade was a 14.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 17,240 shares of company stock worth $138,055. Corporate insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On authID

A hedge fund recently bought a new stake in authID stock. Brighton Jones LLC bought a new stake in authID Inc. (NASDAQ:AUID) during the second quarter, according to its most recent filing with the SEC. The firm bought 18,392 shares of the company’s stock, valued at approximately $191,000. Brighton Jones LLC owned about 0.19% of authID at the end of the most recent quarter. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

authID Price Performance

Shares of AUID stock opened at $6.46 on Wednesday. The stock’s 50 day simple moving average is $7.19 and its 200 day simple moving average is $8.19. authID has a twelve month low of $5.36 and a twelve month high of $13.63.

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.