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

VirnetX Holding Co. (NYSEAMERICAN:VHC) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 7,915,733 shares, a drop of 2.1% from the January 15th total of 8,086,292 shares. Currently, 13.5% of the shares of the company are short sold. Based on an average trading volume of 1,323,556 shares, the days-to-cover ratio is presently 6.0 days.

Shares of VirnetX stock opened at $4.75 on Tuesday. VirnetX has a 1-year low of $2.10 and a 1-year high of $6.44.

In other news, insider Robert D. Short III sold 35,000 shares of VirnetX stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $5.41, for a total transaction of $189,350.00. Following the transaction, the insider now owns 115,866 shares in the company, valued at approximately $626,835.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kendall Larsen sold 75,000 shares of VirnetX stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $5.35, for a total transaction of $401,250.00. Following the transaction, the chief executive officer now owns 6,404,710 shares in the company, valued at approximately $34,265,198.50. The disclosure for this sale can be found here. Insiders have sold a total of 335,000 shares of company stock worth $1,644,350 in the last quarter.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of VirnetX by 12.7% during the 2nd quarter. BlackRock Inc. now owns 3,430,667 shares of the technology company’s stock valued at $11,664,000 after buying an additional 385,755 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of VirnetX by 31.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 277,236 shares of the technology company’s stock valued at $942,000 after buying an additional 66,331 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of VirnetX during the 3rd quarter valued at $144,000. Vanguard Group Inc lifted its stake in shares of 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 buying an additional 88,016 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of VirnetX by 42.9% during the 3rd quarter. Fifth Third Bancorp now owns 50,000 shares of the technology company’s stock valued at $233,000 after buying an additional 15,000 shares in the last quarter.

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About VirnetX

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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