VirnetX Holding Co. (VHC) Sees Significant Drop in Short Interest

VirnetX Holding Co. (NYSEAMERICAN:VHC) was the target of a large decline in short interest in December. As of December 29th, there was short interest totalling 12,630,801 shares, a decline of 4.5% from the December 15th total of 13,224,288 shares. Based on an average trading volume of 333,935 shares, the days-to-cover ratio is currently 37.8 days. Currently, 24.9% of the company’s stock are short sold.

Hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of VirnetX by 1.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,345 shares of the technology company’s stock valued at $124,000 after purchasing an additional 340 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of VirnetX by 107.0% during the second quarter. Alliancebernstein L.P. now owns 29,400 shares of the technology company’s stock valued at $134,000 after purchasing an additional 15,200 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of VirnetX by 19.2% during the second quarter. Voya Investment Management LLC now owns 31,232 shares of the technology company’s stock valued at $142,000 after purchasing an additional 5,032 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of VirnetX by 68.0% during the second quarter. The Manufacturers Life Insurance Company now owns 43,482 shares of the technology company’s stock valued at $198,000 after purchasing an additional 17,600 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of VirnetX by 1.5% during the second quarter. Wells Fargo & Company MN now owns 47,612 shares of the technology company’s stock valued at $216,000 after purchasing an additional 700 shares during the last quarter.

Shares of VirnetX (VHC) opened at $4.00 on Thursday. The firm has a market capitalization of $220.64, a P/E ratio of -12.50 and a beta of 0.90. VirnetX has a 12-month low of $1.70 and a 12-month high of $8.75.

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About VirnetX

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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