VirnetX Holding Corp. Short Interest Up 0.8% in August (VHC)
VirnetX Holding Corp. (NYSE:VHC) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 17,953,111 shares, an increase of 0.8% from the July 31st total of 17,804,962 shares, ARN reports. Currently, 42.7% of the company’s stock are short sold. Based on an average trading volume of 348,497 shares, the days-to-cover ratio is currently 51.5 days.
VirnetX Holding Corp. (NYSE:VHC) traded up 1.98% during mid-day trading on Tuesday, hitting $14.97. The stock had a trading volume of 217,433 shares. 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 $14.83 and its 200-day moving average is $15.58. The company’s market cap is $772.0 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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