VirnetX Holding Co. (NYSE:VHC) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 13,840,816 shares, an increase of 0.5% from the June 15th total of 13,771,458 shares. Approximately 27.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 605,657 shares, the days-to-cover ratio is currently 22.9 days.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its position in VirnetX Holding by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 153,155 shares of the technology company’s stock valued at $353,000 after buying an additional 8,892 shares in the last quarter. Bank of New York Mellon Corp boosted its position in VirnetX Holding by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 207,871 shares of the technology company’s stock valued at $477,000 after buying an additional 16,720 shares in the last quarter. Morgan Stanley boosted its position in VirnetX Holding by 3.9% in the first quarter. Morgan Stanley now owns 702,429 shares of the technology company’s stock valued at $1,615,000 after buying an additional 26,372 shares in the last quarter. Finally, State Street Corp boosted its position in VirnetX Holding by 4.9% in the fourth quarter. State Street Corp now owns 806,262 shares of the technology company’s stock valued at $1,773,000 after buying an additional 37,838 shares in the last quarter.

Separately, ValuEngine upgraded VirnetX Holding from a “sell” rating to a “hold” rating in a report on Thursday, June 8th.

Shares of VirnetX Holding (NYSE:VHC) remained flat at $4.75 during midday trading on Wednesday. 276,022 shares of the company’s stock were exchanged. The company’s market capitalization is $276.18 million. The stock’s 50 day moving average is $4.25 and its 200 day moving average is $2.89. VirnetX Holding has a 1-year low of $1.70 and a 1-year high of $5.40.

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VirnetX Holding Company Profile

VirnetX Holding Corporation is an Internet security software and technology Company with a technology for secure communications, including fourth-generation (4G) long term evolution (LTE) security. The Company’s software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, facilitate secure communications and provide the security platform required by Internet-based applications, such as instant messaging, voice over Internet protocol, mobile services, streaming video, file transfer, remote desktop and machine-to-machine (M2M) communications.

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