authID Inc. (NASDAQ:AUID) Short Interest Down 13.0% in November

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

authID Stock Up 6.1 %

Shares of NASDAQ AUID opened at $6.09 on Friday. authID has a 1-year low of $5.32 and a 1-year high of $13.63. The business has a 50-day moving average of $6.76 and a 200-day moving average of $7.94.

Insiders Place Their Bets

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

Institutional Trading of authID

A hedge fund recently raised its stake in authID stock. Geode Capital Management LLC grew its holdings in shares of authID Inc. (NASDAQ:AUID) by 43.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,847 shares of the company’s stock after buying an additional 29,810 shares during the quarter. Geode Capital Management LLC owned 0.90% of authID worth $616,000 as of its most recent SEC filing. Institutional investors own 8.83% of the company’s stock.

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.