Short Interest in VirnetX Holding Co. (VHC) Decreases By 4.5%
VirnetX Holding Co. (NYSEAMERICAN:VHC) saw a large drop in short interest in the month of December. As of December 29th, there was short interest totalling 12,630,801 shares, a drop of 4.5% from the December 15th total of 13,224,288 shares. Currently, 24.9% of the shares of the stock are short sold. Based on an average daily volume of 333,935 shares, the days-to-cover ratio is currently 37.8 days.
Shares of VirnetX (NYSEAMERICAN VHC) opened at $4.10 on Friday. VirnetX has a 12 month low of $1.70 and a 12 month high of $8.75. The stock has a market capitalization of $241.23, a P/E ratio of -12.81 and a beta of 0.90.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in VirnetX by 31.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,911,359 shares of the technology company’s stock worth $8,697,000 after acquiring an additional 452,810 shares during the last quarter. State Street Corp increased its stake in VirnetX by 4.0% in the 2nd quarter. State Street Corp now owns 843,673 shares of the technology company’s stock worth $3,841,000 after acquiring an additional 32,580 shares during the last quarter. Northern Trust Corp increased its stake in VirnetX by 10.4% in the 2nd quarter. Northern Trust Corp now owns 581,509 shares of the technology company’s stock worth $2,646,000 after acquiring an additional 54,563 shares during the last quarter. Csenge Advisory Group bought a new stake in VirnetX in the 3rd quarter worth approximately $872,000. Finally, Bank of New York Mellon Corp increased its stake in VirnetX by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,831 shares of the technology company’s stock worth $1,013,000 after acquiring an additional 14,960 shares during the last quarter.
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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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