VirnetX Holding Co. (VHC) Sees Large Increase in Short Interest

VirnetX Holding Co. (NYSE:VHC) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 13,623,428 shares, an increase of 1.3% from the July 31st total of 13,452,283 shares. Currently, 27.2% of the company’s stock are short sold. Based on an average daily trading volume, of 149,331 shares, the days-to-cover ratio is presently 91.2 days.

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

Shares of VirnetX Holding (NYSE:VHC) opened at 3.65 on Friday. VirnetX Holding has a 52 week low of $1.70 and a 52 week high of $5.40. The company has a 50 day moving average price of $3.81 and a 200 day moving average price of $3.31. The company’s market cap is $212.83 million.

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised 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 during the last quarter. Bank of New York Mellon Corp raised 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 during the last quarter. Morgan Stanley raised 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 during the last quarter. Schwab Charles Investment Management Inc. raised 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 during the last quarter. Finally, Rhumbline Advisers raised its position in VirnetX Holding by 1.0% in the second quarter. Rhumbline Advisers now owns 58,813 shares of the technology company’s stock valued at $268,000 after buying an additional 576 shares during the last quarter.

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About VirnetX Holding

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.