VirnetX Holding Co. (NYSE:VHC) Sees Large Decline in Short Interest

VirnetX Holding Co. (NYSE:VHC) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 160,700 shares, a decrease 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 presently 7.5 days. Approximately 5.2% of the shares of the company are sold short.

VirnetX Stock Down 2.3 %

Shares of NYSE:VHC opened at $8.70 on Monday. The company has a 50-day simple moving average of $6.54 and a 200-day simple moving average of $6.56. VirnetX has a one year low of $3.55 and a one year high of $9.69.

Institutional Investors Weigh In On VirnetX

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

VirnetX Company Profile

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.