VirnetX Holding Co. (NYSEAMERICAN:VHC) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 12,025,287 shares, a growth of 2.7% from the January 31st total of 11,711,410 shares. Based on an average daily volume of 214,872 shares, the days-to-cover ratio is presently 56.0 days. Approximately 20.6% of the shares of the stock are sold short.
VirnetX (VHC) traded down $0.10 during midday trading on Tuesday, reaching $3.95. The company had a trading volume of 247,122 shares, compared to its average volume of 291,919. VirnetX has a 12 month low of $1.70 and a 12 month high of $8.75. The firm has a market cap of $238.44, a PE ratio of -12.66 and a beta of 0.66.
Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of VirnetX by 40.4% during the third quarter. Wells Fargo & Company MN now owns 66,852 shares of the technology company’s stock valued at $261,000 after acquiring an additional 19,240 shares during the last quarter. Csenge Advisory Group acquired a new position in shares of VirnetX during the third quarter valued at approximately $872,000. Vanguard Group Inc. raised its holdings in shares of VirnetX by 31.0% during the second quarter. Vanguard Group Inc. now owns 1,911,359 shares of the technology company’s stock valued at $8,697,000 after acquiring an additional 452,810 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of VirnetX by 26.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 193,443 shares of the technology company’s stock valued at $881,000 after acquiring an additional 40,288 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of VirnetX by 10.4% during the second quarter. Northern Trust Corp now owns 581,509 shares of the technology company’s stock valued at $2,646,000 after acquiring an additional 54,563 shares during the last quarter.
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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