VirnetX Holding Corp. Short Interest Up 0.4% in July (VHC)
Shares of VirnetX Holding Corp. (NYSE:VHC) were the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 17,804,962 shares, a growth of 0.4% from the July 15th total of 17,739,015 shares, Analyst Ratings Net reports. Based on an average daily trading volume, of 402,772 shares, the days-to-cover ratio is presently 44.2 days. Approximately 42.3% of the shares of the company are short sold.
VirnetX Holding Corp. (NYSE:VHC) opened at 14.73 on Tuesday. 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 $15.42 and a 200-day moving average of $15.79. The company’s market cap is $758.9 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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