VirnetX Holding Co. (VHC) Short Interest Update
VirnetX Holding Co. (NYSE:VHC) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 14,384,180 shares, an increase of 4.1% from the August 31st total of 13,820,747 shares. Based on an average trading volume of 658,669 shares, the short-interest ratio is presently 21.8 days. Currently, 29.6% of the shares of the stock are sold short.
Shares of VirnetX Holding (NYSE:VHC) opened at 3.26 on Thursday. The firm’s market capitalization is $184.71 million. The stock has a 50 day moving average of $2.76 and a 200-day moving average of $3.93. VirnetX Holding has a 52 week low of $1.95 and a 52 week high of $9.64.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of VirnetX Holding by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 140,035 shares of the company’s stock valued at $561,000 after buying an additional 2,100 shares during the last quarter. Talkot Capital LLC acquired a new position in shares of VirnetX Holding during the second quarter valued at approximately $199,000. State Street Corp increased its position in shares of VirnetX Holding by 4.7% in the second quarter. State Street Corp now owns 755,373 shares of the company’s stock valued at $3,019,000 after buying an additional 34,021 shares during the last quarter. Rhumbline Advisers increased its position in shares of VirnetX Holding by 27.7% in the second quarter. Rhumbline Advisers now owns 61,968 shares of the company’s stock valued at $248,000 after buying an additional 13,433 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. increased its position in shares of VirnetX Holding by 3.9% in the second quarter. Laurel Wealth Advisors Inc. now owns 53,200 shares of the company’s stock valued at $213,000 after buying an additional 2,000 shares during the last quarter.
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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