Shorts are covering, not adding, according to the latest figures. VirnetX Holding Corp (VHC) Short InterestSettlement Date Short Interest Avg Daily Share Volume Days To Cover 6/30/2011 8,767,053 967,940 9.057434 6/15/2011 9,402,349 1,647,684 5.706403 5/31/2011 8,676,424 1,421,540 6.103538 5/13/2011 7,539,718 1,015,185 7.426940 4/29/2011 7,033,393 1,939,152 3.627046 4/15/2011 5,910,488 3,539,909 1.669672 3/31/2011 4,702,223 1,877,789 2.504127 3/15/2011 4,361,985 480,592 9.076275 Read more: Here are the top five holder: VANGUARD GROUP INC 3/31/2011 1,586,003 (165,235) (9.44%) $60,839 CANNELL PETER B CO. 3/31/2011 1,504,875 19,600 1.32% $57,727 BARCLAYS GLOBAL INVE. 3/31/2011 983,559 509,306 107.39% $37,729 BLACKROCK FUND ADVIS. 3/31/2011 814,186 (30,950) (3.66%) $31,232 DIMENSIONAL FUND ADV. The catalysts for the most recent run-up: First, VirnetX announced that at the request of the Alliance for Telecommunications Industry Solutions (ATIS), it agreed to update its licensing declaration to ATIS under ATIS' Intellectual Property Rights (IPR) policy. Then, the price paid for Nortel's patent portfolio hit the shorts like a ton of bricks. It Gucci Belts came out of left field and was completely off their radar. It also had the effect of drawing attention to how concentrated and limited the 4G LTE Advanced patents are and the valuable role they play in cross licensing among the major players in mobile communications. Just when, I presume, they were beginning to work out a plan to drive the price of the stock down once again Cowen blindsided them. Cowen Cheap Gucci Belts and Company is a highly respected firm that no doubt has been closely tracking short interest in VirnetX. Maybe, VirnetX did not want to draw attention to that aspect of the company's business strategy or discuss problematic valuations. But the fact is the Microsoft suit brought in 200 million. Also, equipment maker Avaya, is now positioned for an IPO and has not fully disclosed the hit it could take from a settlement or lose to Gucci Belts for Sale VirnetX in its IPO filings. Have the shorts not taken into account the effect of a settlement, or new lawsuits, that are no doubt, waiting in the wings to be filed?Any hint of talks between VirnetX and a possible suitor would be an accelerant of explosive potential to the stock price. Have the shorts ignored the recent beating Google took at the Nortel patent auction and the pressure it is facing to beef-up its 4G LTE patent portfolio thus allowing it to cross license to the other major players, most of which are its competitors in the 4G mobile market. Google also needs leverage in the many lawsuits it is embroiled in with its Android platform. VirnetX could be Google's best bet to acquire a significant patent portfolio. Any short not tracking VirnetX's patent applications needs to pay more attention. and International patents approved or applied for. Finally, there is the question of licensing. All I will say is to quote what Kendall Larsen CEO said at the Annual Stockholders Meeting: "I can assure you we are working on licensing deals". Your article is a hit piece and a hatchet job that is a disservice to Seeking Alpha. On April 19 and 20th ETSI is going to take up issues critical to VirnetX with documents provided from the ETSI General Assembly Chairman and from the ETSI General Director, concerning VirnetX to the ETSI General Assembly, (which is held twice a year). SEE:Analyst coverage by a major firm could come at any time: 4G is heating up and Release 10 of the 3GPP alliance is focusing interest on companies that have foundational patents crucial to 4G. VirnetX has the 4G security patents. VirnetX Fake Gucci Belts is currently included in the Russell 3000 Index and the Russell Global Index. Now that VirnetX has a capitalization of around one billion it could very well move up to the Russell 2000 or be included in some other Russell Index. The rebalancing will make for a couple of exciting days with massive volume and possible price spikes. Annual Stockholders Meeting May 26th at the offices of Wilson Sonsini Goodrich Rosati will focus interest on current developments with the company. ETSI, ATIS, 4GPP are all working on this. So my question is:If all of you fears about VHC's patents, court cases, 3GPP etc. I feel very few who read this press release understand its import. VirnetX Updates Patent Declaration to 3GPP for LTE/4G SecurityPosted on 16. Mar, 2011 by admin in Press ReleasesDeclares "RAND" LicensingSCOTTS VALLEY, Calif. "It identifies the 3GPP Series 33 security specifications that we believe our patents and patent applications pertain to.