VirnetX Holding Co. (NYSE:VHC) was the target of a large increase in short interest in October. As of October 13th, there was short interest totalling 13,883,933 shares, an increase of 2.7% from the September 29th total of 13,516,680 shares. Currently, 27.7% of the company’s stock are short sold. Based on an average trading volume of 1,884,122 shares, the days-to-cover ratio is currently 7.4 days.

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of VirnetX Holding by 1.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,345 shares of the technology company’s stock worth $124,000 after acquiring an additional 340 shares during the period. Alliancebernstein L.P. increased its position in shares of VirnetX Holding by 107.0% during the second quarter. Alliancebernstein L.P. now owns 29,400 shares of the technology company’s stock worth $134,000 after acquiring an additional 15,200 shares during the period. Voya Investment Management LLC increased its position in shares of VirnetX Holding by 19.2% during the second quarter. Voya Investment Management LLC now owns 31,232 shares of the technology company’s stock worth $142,000 after acquiring an additional 5,032 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of VirnetX Holding by 68.0% during the second quarter. The Manufacturers Life Insurance Company now owns 43,482 shares of the technology company’s stock worth $198,000 after acquiring an additional 17,600 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of VirnetX Holding by 1.5% during the second quarter. Wells Fargo & Company MN now owns 47,612 shares of the technology company’s stock worth $216,000 after acquiring an additional 700 shares during the period.

Separately, ValuEngine cut VirnetX Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

VirnetX Holding (NYSE:VHC) traded down 3.70% during mid-day trading on Tuesday, reaching $5.20. The company’s stock had a trading volume of 430,126 shares. The firm’s 50 day moving average is $5.28 and its 200-day moving average is $4.16. The stock’s market cap is $303.21 million. VirnetX Holding has a one year low of $1.70 and a one year high of $8.75.

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VirnetX Holding Company Profile

VirnetX Holding Corporation is an Internet security software and technology Company with a technology for secure communications, including fourth-generation (4G) long term evolution (LTE) security. The Company’s software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, facilitate secure communications and provide the security platform required by Internet-based applications, such as instant messaging, voice over Internet protocol, mobile services, streaming video, file transfer, remote desktop and machine-to-machine (M2M) communications.

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