Short Interest in VirnetX Holding Corp. Increases By 0.2% (VHC)
VirnetX Holding Corp. (NYSE:VHC) saw a significant growth in short interest in May. As of May 30th, there was short interest totalling 17,597,595 shares, a growth of 0.2% from the May 15th total of 17,624,694 shares, StockRatingsNetwork reports. Approximately 41.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 462,290 shares, the short-interest ratio is presently 38.1 days.
A number of research firms have recently commented on VHC. Analysts at Zacks upgraded shares of VirnetX Holding Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $13.70 price target on the stock.
Shares of VirnetX Holding Corp. (NYSE:VHC) opened at 16.48 on Friday. VirnetX Holding Corp. has a 52 week low of $12.10 and a 52 week high of $25.49. The stock’s 50-day moving average is $15.19 and its 200-day moving average is $16.79. The company’s market cap is $849.0 million.
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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