VirnetX Holding Corp. Short Interest Down 0.2% in June (VHC)
Shares of VirnetX Holding Corp. (NYSE:VHC) were the recipient of a large decline in short interest during the month of June. As of June 13th, there was short interest totalling 17,555,860 shares, a decline of 0.2% from the May 30th total of 17,597,595 shares, Analyst Ratings Net reports. Based on an average daily volume of 484,168 shares, the days-to-cover ratio is presently 36.3 days. Currently, 41.7% of the company’s shares are short sold.
A number of analysts have recently weighed in on VHC shares. 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 17.85 on Thursday. VirnetX Holding Corp. has a one year low of $12.10 and a one year high of $25.49. The stock has a 50-day moving average of $15.51 and a 200-day moving average of $16.61. The company’s market cap is $919.6 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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