VirnetX Holding Co. (NYSEAMERICAN:VHC) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 8,336,677 shares, a drop of 3.1% from the December 14th total of 8,601,868 shares. Currently, 14.2% of the shares of the stock are sold short. Based on an average trading volume of 429,127 shares, the days-to-cover ratio is presently 19.4 days.
Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in VirnetX by 12.7% in the second quarter. BlackRock Inc. now owns 3,430,667 shares of the technology company’s stock valued at $11,664,000 after purchasing an additional 385,755 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in VirnetX by 45.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 285,902 shares of the technology company’s stock valued at $973,000 after purchasing an additional 88,717 shares in the last quarter. Vanguard Group Inc grew its stake in VirnetX by 3.8% during the 3rd quarter. Vanguard Group Inc now owns 2,429,980 shares of the technology company’s stock valued at $11,299,000 after purchasing an additional 88,016 shares in the last quarter. Vanguard Group Inc. grew its position in shares of VirnetX by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,429,980 shares of the technology company’s stock worth $11,299,000 after acquiring an additional 88,016 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of VirnetX by 31.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 277,236 shares of the technology company’s stock worth $942,000 after purchasing an additional 66,331 shares during the last quarter.
NYSEAMERICAN VHC opened at $3.88 on Friday. VirnetX has a 52 week low of $2.10 and a 52 week high of $5.10.
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VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company in the United States and internationally. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure real-time communications over the Internet, as well as enable organizations and individuals to establish communities of secure, registered users, and transmit information between various devices, networks, and operating systems.
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