VirnetX Holding Co. (NYSEAMERICAN:VHC) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 9,210,293 shares, a growth of 2.8% from the March 29th total of 8,960,819 shares. Based on an average daily volume of 332,392 shares, the short-interest ratio is presently 27.7 days. Approximately 15.4% of the company’s stock are short sold.
In other VirnetX news, Director Michael F. Angelo sold 9,900 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.58, for a total value of $65,142.00. Following the transaction, the director now owns 91,960 shares of the company’s stock, valued at $605,096.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kendall Larsen sold 60,425 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $5.78, for a total transaction of $349,256.50. Following the completion of the transaction, the chief executive officer now directly owns 6,390,135 shares in the company, valued at approximately $36,934,980.30. The disclosure for this sale can be found here. Insiders sold 445,425 shares of company stock valued at $2,290,057 over the last quarter.
Hedge funds and other institutional investors have recently modified their holdings of the business. Winslow Evans & Crocker Inc. bought a new stake in shares of VirnetX during the fourth quarter valued at approximately $42,000. Virtu Financial LLC bought a new stake in shares of VirnetX during the fourth quarter valued at approximately $43,000. Nordea Investment Management AB bought a new stake in shares of VirnetX during the fourth quarter valued at approximately $72,000. BNP Paribas Arbitrage SA raised its holdings in shares of VirnetX by 6,772.1% during the first quarter. BNP Paribas Arbitrage SA now owns 12,301 shares of the technology company’s stock valued at $78,000 after buying an additional 12,122 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of VirnetX by 18.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 19,500 shares of the technology company’s stock valued at $123,000 after buying an additional 3,000 shares during the last quarter.
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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, as well as enable organizations and individuals to establish communities of secure, registered users, and transmit information between various devices, networks, and operating systems.
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