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.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://sportsperspectives.com/2019/02/12/virnetx-holding-co-vhc-sees-large-decline-in-short-interest.html.
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.
Featured Story: Is it better to buy a fund with a higher or lower NAV?
Receive News & Ratings for VirnetX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VirnetX and related companies with MarketBeat.com's FREE daily email newsletter.