VirnetX Holding Corp. Sets New 52-Week Low at $15.84 (VHC)
VirnetX Holding Corp. (NYSE:VHC) shares reached a new 52-week low on Wednesday , Analyst Ratings.Net reports. The company traded as low as $15.84 and last traded at $16.28, with a volume of 535,364 shares changing hands. The stock had previously closed at $16.86.
The stock has a 50-day moving average of $18.26 and a 200-day moving average of $19.61. The company’s market cap is $838.7 million. VirnetX Holding Corp. also saw a large increase in short interest in January. As of January 31st, there was short interest totalling 15,118,759 shares, an increase of 0.2% from the January 15th total of 15,081,301 shares. Approximately 35.9% of the shares of the stock are short sold. Based on an average trading volume of 304,925 shares, the days-to-cover ratio is presently 49.6 days.
VirnetX Holding Corporation, is engaged in the business of commercializing a portfolio of patents. The Company seeks to license its technology, including GABRIEL Connection Technology, to various original equipment manufacturers, or OEMs, that use its technologies in the development and manufacturing of their own products within the IP-telephony, mobility, fixed-mobile convergence and unified communications markets.
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