VirnetX Holding Co. (VHC) Short Interest Up 0.6% in November
VirnetX Holding Co. (NYSE:VHC) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 14,632,870 shares, a growth of 0.6% from the October 31st total of 14,543,258 shares. Approximately 30.1% of the company’s stock are short sold. Based on an average daily volume of 309,147 shares, the days-to-cover ratio is currently 47.3 days.
VirnetX Holding (NYSE:VHC) opened at 3.15 on Wednesday. The company’s market cap is $178.57 million. VirnetX Holding has a 12-month low of $1.95 and a 12-month high of $9.64. The stock has a 50 day moving average price of $3.29 and a 200-day moving average price of $3.60.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its position in VirnetX Holding by 7.3% in the second quarter. BlackRock Fund Advisors now owns 1,260,616 shares of the company’s stock worth $5,042,000 after buying an additional 85,810 shares during the period. Vanguard Group Inc. increased its position in VirnetX Holding by 5.2% in the second quarter. Vanguard Group Inc. now owns 1,707,845 shares of the company’s stock worth $6,831,000 after buying an additional 84,082 shares during the period. California Public Employees Retirement System increased its position in VirnetX Holding by 144.4% in the second quarter. California Public Employees Retirement System now owns 117,800 shares of the company’s stock worth $471,000 after buying an additional 69,600 shares during the period. Morgan Stanley increased its position in VirnetX Holding by 7.4% in the third quarter. Morgan Stanley now owns 767,378 shares of the company’s stock worth $2,348,000 after buying an additional 52,847 shares during the period. Finally, Talkot Capital LLC purchased a new position in VirnetX Holding during the second quarter worth $199,000.
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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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