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

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

Institutional Investors Weigh In On VirnetX

A hedge fund recently raised its stake in VirnetX stock. International Assets Investment Management LLC boosted its stake in VirnetX Holding Co. (NYSE:VHC) by 647.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,218 shares of the technology company’s stock after acquiring an additional 5,386 shares during the period. International Assets Investment Management LLC owned about 0.17% of VirnetX worth $44,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 10.37% of the company’s stock.

VirnetX Stock Performance

NYSE:VHC opened at $8.70 on Monday. The company has a fifty day simple moving average of $6.54 and a two-hundred day simple moving average of $6.56. VirnetX has a 52 week low of $3.55 and a 52 week high of $9.69.

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.