VirnetX Holding Co. (VHC) Short Interest Down 4.5% in December

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

Shares of VirnetX (NYSEAMERICAN VHC) opened at $4.10 on Tuesday. VirnetX has a 52 week low of $1.70 and a 52 week high of $8.75. The company has a market cap of $241.23, a price-to-earnings ratio of -12.81 and a beta of 0.90.

Several hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of VirnetX by 1.3% in the 2nd 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 in the last quarter. Rhumbline Advisers increased its holdings in shares of VirnetX by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 58,813 shares of the technology company’s stock valued at $268,000 after purchasing an additional 576 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of VirnetX by 1.5% in the 2nd 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 in the last quarter. Voya Investment Management LLC increased its holdings in shares of VirnetX by 19.2% in the 2nd 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of VirnetX by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,831 shares of the technology company’s stock valued at $1,013,000 after purchasing an additional 14,960 shares in the last quarter.

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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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