Short Interest in VirnetX Holding Corp. Declines By 2.0% (VHC)
Shares of VirnetX Holding Corp. (NYSE:VHC) were the recipient of a large decrease in short interest during the month of January. As of March 31st, there was short interest totalling 17,895,094 shares, a decrease of 2.0% from the March 14th total of 17,547,300 shares, Stock Ratings News reports. Based on an average daily volume of 698,364 shares, the days-to-cover ratio is currently 25.6 days. Currently, 42.7% of the shares of the company are short sold.
Separately, analysts at Zacks downgraded shares of VirnetX Holding Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 8th. They now have a $13.10 price target on the stock.
VirnetX Holding Corp. (NYSE:VHC) opened at 13.01 on Monday. VirnetX Holding Corp. has a 52 week low of $12.68 and a 52 week high of $26.25. The stock has a 50-day moving average of $15.90 and a 200-day moving average of $18.47. The company’s market cap is $666.6 million.
VirnetX Holding Corp. (NYSE:VHC) last issued its quarterly earnings data on Monday, March 3rd. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.10) by $0.05. On average, analysts predict that VirnetX Holding Corp. will post $-0.30 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.