VirnetX closes up 6.8% following annual meeting

|About: VirnetX Holding Corporation (VHC)|By:, SA News Editor

SA author Tom Shaughnessy, who attended VirnetX's (VHC +6.8%) annual meeting, likes what he heard during a presentation by CTO Robert Short about the company's Gabriel secure connection tech.

Shaughnessy notes Gabriel has "ballooned into a full suite of products encompassing chat, web, share, video, voice, mail and sync capabilities," and sees plenty of potential business/consumer use cases.

He also notes VirnetX is trying to end the use of "reverse conversions and naked shorting using the market maker's exemption" by traders by tracking the activity and reporting it to compliance departments. 40% of the float was shorted as of April 30.