VirnetX Holding Co. (NYSE:VHC) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 13,887,005 shares, a growth of 1.9% from the August 15th total of 13,623,428 shares. Approximately 27.7% of the company’s stock are short sold. Based on an average trading volume of 152,606 shares, the short-interest ratio is currently 91.0 days.
Separately, ValuEngine raised shares of VirnetX Holding from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st.
VirnetX Holding (VHC) traded up 6.25% during mid-day trading on Tuesday, reaching $4.25. 839,071 shares of the company traded hands. The stock has a 50 day moving average price of $3.66 and a 200-day moving average price of $3.44. VirnetX Holding has a 52-week low of $1.70 and a 52-week high of $5.40. The company’s market capitalization is $247.81 million.
Several institutional investors have recently made changes to their positions in VHC. Vanguard Group Inc. grew its stake in shares of VirnetX Holding by 31.0% in the second quarter. Vanguard Group Inc. now owns 1,911,359 shares of the technology company’s stock worth $8,697,000 after acquiring an additional 452,810 shares during the last quarter. Cannell Peter B & Co. Inc. boosted its stake in VirnetX Holding by 21.2% during the second 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 in the last quarter. L & S Advisors Inc acquired a new stake in VirnetX Holding during the second quarter worth $725,000. Northern Trust Corp boosted its stake in VirnetX Holding by 10.4% during the second 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in VirnetX Holding by 26.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 193,443 shares of the technology company’s stock worth $881,000 after buying an additional 40,288 shares in the last quarter.
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VirnetX Holding Company Profile
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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