Short Interest in VirnetX Holding Co. (NYSE:VHC) Declines By 12.5%

VirnetX Holding Co. (NYSE:VHC) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 160,700 shares, a drop of 12.5% from the December 31st total of 183,600 shares. Based on an average daily trading volume, of 21,300 shares, the short-interest ratio is currently 7.5 days. Approximately 5.2% of the company’s shares are sold short.

VirnetX Trading Down 2.3 %

VirnetX stock opened at $8.70 on Friday. VirnetX has a 1 year low of $3.55 and a 1 year high of $9.69. The company’s 50-day moving average is $6.54 and its two-hundred day moving average is $6.55. The company has a market cap of $32.42 million, a PE ratio of -1.63 and a beta of 0.94.

Hedge Funds Weigh In On VirnetX

An institutional investor recently raised its position in VirnetX stock. International Assets Investment Management LLC lifted its stake in VirnetX Holding Co. (NYSE:VHC) by 647.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,218 shares of the technology company’s stock after purchasing an additional 5,386 shares during the period. International Assets Investment Management LLC owned 0.17% of VirnetX worth $44,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.37% of the company’s stock.

About VirnetX

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access.