VirnetX Holding Co. (NYSE:VHC) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 11,982,109 shares, a decrease of 0.3% from the April 28th total of 12,021,494 shares. Based on an average trading volume of 372,901 shares, the short-interest ratio is presently 32.1 days. Approximately 23.9% of the shares of the company are sold short.
Large investors have recently modified their holdings of the company. Laurel Wealth Advisors Inc. increased its position in VirnetX Holding by 3.8% in the third quarter. Laurel Wealth Advisors Inc. now owns 55,200 shares of the technology company’s stock worth $169,000 after buying an additional 2,000 shares during the period. Schwab Charles Investment Management Inc. increased its position in VirnetX Holding by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 153,155 shares of the technology company’s stock worth $353,000 after buying an additional 8,892 shares during the period. Geode Capital Management LLC increased its position in VirnetX Holding by 3.3% in the first quarter. Geode Capital Management LLC now owns 360,182 shares of the technology company’s stock worth $828,000 after buying an additional 11,668 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of VirnetX Holding by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 207,871 shares of the technology company’s stock worth $477,000 after buying an additional 16,720 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of VirnetX Holding by 3.9% in the first quarter. Morgan Stanley now owns 702,429 shares of the technology company’s stock worth $1,615,000 after buying an additional 26,372 shares in the last quarter.
VirnetX Holding (VHC) traded down 1.02% during midday trading on Monday, hitting $4.85. The company had a trading volume of 361,997 shares. VirnetX Holding has a 12-month low of $1.70 and a 12-month high of $6.16. The stock’s market cap is $282.00 million. The company’s 50 day moving average is $3.83 and its 200 day moving average is $2.79.
Separately, ValuEngine downgraded VirnetX Holding from a “hold” rating to a “sell” rating in a research note on Thursday.
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About VirnetX Holding
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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