VirnetX Holding Co. (NYSEAMERICAN:VHC) was the target of a significant decline in short interest in the month of September. As of September 14th, there was short interest totalling 10,476,545 shares, a decline of 14.7% from the August 31st total of 12,285,184 shares. Currently, 19.2% of the shares of the company are short sold. Based on an average trading volume of 982,565 shares, the days-to-cover ratio is presently 10.7 days.
VHC stock traded down $0.02 during trading on Wednesday, reaching $4.09. 424,400 shares of the company were exchanged, compared to its average volume of 411,030. VirnetX has a 52-week low of $2.10 and a 52-week high of $8.70.
VirnetX (NYSEAMERICAN:VHC) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported ($0.10) earnings per share (EPS) for the quarter. VirnetX had a negative net margin of 947.20% and a negative return on equity of 363.12%. The business had revenue of $0.02 million during the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of VirnetX by 31.5% during the second quarter. Bank of New York Mellon Corp now owns 277,236 shares of the technology company’s stock valued at $942,000 after buying an additional 66,331 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of VirnetX by 45.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 285,902 shares of the technology company’s stock valued at $973,000 after buying an additional 88,717 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of VirnetX by 12.7% during the second quarter. BlackRock Inc. now owns 3,430,667 shares of the technology company’s stock valued at $11,664,000 after buying an additional 385,755 shares during the period.
VirnetX Company Profile
VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company in the United States and internationally. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure real-time communications over the Internet, as well as enable organizations and individuals to establish communities of secure, registered users, and transmit information between various devices, networks, and operating systems.
Further Reading: Market Capitalization and Individual Investors
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