authID Inc. (NASDAQ:AUID – Get Rating) saw a significant drop in short interest during the month of December. As of December 30th, there was short interest totalling 184,500 shares, a drop of 8.2% from the December 15th total of 200,900 shares. Based on an average daily volume of 38,300 shares, the days-to-cover ratio is currently 4.8 days. Currently, 1.0% of the company's shares are short sold.
Institutional Investors Weigh In On authID
A number of hedge funds have recently modified their holdings of the business. Simon Quick Advisors LLC bought a new stake in shares of authID in the second quarter worth about $1,936,000. Vanguard Group Inc. increased its holdings in shares of authID by 30.0% in the 1st quarter. Vanguard Group Inc. now owns 888,380 shares of the company's stock valued at $3,483,000 after acquiring an additional 204,876 shares during the period. UBS Group AG grew its stake in authID by 440.8% during the 1st quarter. UBS Group AG now owns 53,378 shares of the company's stock worth $210,000 after buying an additional 43,508 shares during the last quarter. State Street Corp lifted its holdings in shares of authID by 353.6% in the 1st quarter. State Street Corp now owns 53,076 shares of the company's stock valued at $208,000 after buying an additional 41,376 shares during the period. Finally, Jane Street Group LLC purchased a new position in authID during the first quarter worth approximately $50,000. Institutional investors own 10.96% of the company's stock.
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authID Stock Performance
authID stock traded up $0.05 during trading hours on Monday, hitting $0.60. 53,147 shares of the stock traded hands, compared to its average volume of 28,903. The firm's 50-day moving average price is $0.78 and its two-hundred day moving average price is $1.87. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.87 and a current ratio of 2.87. authID has a one year low of $0.50 and a one year high of $7.93.
authID (NASDAQ:AUID – Get Rating) last announced its quarterly earnings data on Thursday, November 10th. The company reported ($0.25) earnings per share for the quarter. authID had a negative return on equity of 287.76% and a negative net
margin of 25.74%. The firm had revenue of $30.02 million during the quarter.
About authID
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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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