VirnetX Holding Co. (NYSE:VHC) was the target of a significant decrease in short interest in September. As of September 29th, there was short interest totalling 13,516,680 shares, a decrease of 2.5% from the September 15th total of 13,867,517 shares. Approximately 26.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 188,108 shares, the days-to-cover ratio is presently 71.9 days.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of VirnetX Holding by 31.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,911,359 shares of the technology company’s stock worth $8,697,000 after buying an additional 452,810 shares during the last quarter. Cannell Peter B & Co. Inc. raised its stake in shares of VirnetX Holding by 21.2% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 973,400 shares of the technology company’s stock worth $4,429,000 after buying an additional 170,000 shares during the last quarter. State Street Corp raised its stake in shares of VirnetX Holding by 4.0% during the 2nd quarter. State Street Corp now owns 843,673 shares of the technology company’s stock worth $3,841,000 after buying an additional 32,580 shares during the last quarter. Morgan Stanley raised its stake in shares of VirnetX Holding by 3.9% during the 1st quarter. Morgan Stanley now owns 702,429 shares of the technology company’s stock worth $1,615,000 after buying an additional 26,372 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of VirnetX Holding by 10.4% during the 2nd quarter. Northern Trust Corp now owns 581,509 shares of the technology company’s stock worth $2,646,000 after buying an additional 54,563 shares during the last quarter.
Shares of VirnetX Holding (NYSE:VHC) opened at 8.05 on Wednesday. The stock’s 50 day moving average is $4.60 and its 200-day moving average is $3.88. VirnetX Holding has a 12-month low of $1.70 and a 12-month high of $8.75. The stock’s market cap is $469.39 million.
Separately, ValuEngine lowered shares of VirnetX Holding from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.
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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.
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