authID Inc. (NASDAQ:AUID – Get Rating) saw a large decrease in short interest during the month of December. As of December 30th, there was short interest totalling 184,500 shares, a decrease of 8.2% from the December 15th total of 200,900 shares. Approximately 1.0% of the company's shares are short sold. Based on an average daily volume of 38,300 shares, the short-interest ratio is presently 4.8 days.
Institutional Investors Weigh In On authID
A number of large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in authID by 188.1% during the 1st quarter. Bank of America Corp DE now owns 7,995 shares of the company's stock worth $31,000 after purchasing an additional 5,220 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of authID during the 1st quarter worth about $47,000. Jane Street Group LLC acquired a new stake in shares of authID in the first quarter worth approximately $50,000. State Street Corp boosted its position in shares of authID by 353.6% in the first quarter. State Street Corp now owns 53,076 shares of the company's stock worth $208,000 after acquiring an additional 41,376 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of authID by 440.8% in the first quarter. UBS Group AG now owns 53,378 shares of the company's stock worth $210,000 after acquiring an additional 43,508 shares during the last quarter. 10.96% of the stock is owned by hedge funds and other institutional investors.
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authID Price Performance
NASDAQ:AUID traded up $0.05 during midday trading on Monday, reaching $0.60. 53,147 shares of the stock traded hands, compared to its average volume of 28,903. The business has a 50-day moving average of $0.78 and a two-hundred day moving average of $1.87. authID has a 12-month low of $0.50 and a 12-month high of $7.93. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 1.96.
authID (NASDAQ:AUID – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $30.02 million for the quarter. authID had a negative net
margin of 25.74% and a negative return on equity of 287.76%.
About authID
(Get Rating)
authID, Inc engages in the delivery of secure, mobile, and biometric identity solutions. It operates through the following segments: Identity Management and Payment Processing. The Identity Management segment specializes in biometric software products in North America and Africa. The Payment Processing segment offers electronic payment gateway services in South America.
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