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

VirnetX Holding Co. (NYSE:VHC) saw a significant 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 volume of 21,300 shares, the days-to-cover ratio is presently 7.5 days. Currently, 5.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VirnetX stock. International Assets Investment Management LLC increased its stake in VirnetX Holding Co. (NYSE:VHC) by 647.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.17% of VirnetX worth $44,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 10.37% of the company’s stock.

VirnetX Stock Performance

Shares of VHC opened at $8.70 on Friday. The stock has a 50 day simple moving average of $6.54 and a 200 day simple moving average of $6.55. VirnetX has a 52-week low of $3.55 and a 52-week high of $9.69. The firm has a market capitalization of $32.42 million, a PE ratio of -1.63 and a beta of 0.94.

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.