Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Sees Significant Decrease in Short Interest

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 11,911 shares, a decrease of 96.6% from the April 30th total of 346,499 shares. Based on an average daily volume of 173,954 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Network-1 Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of Network-1 Technologies in the third quarter valued at approximately $25,000. Northern Financial Advisors Inc acquired a new position in shares of Network-1 Technologies in the third quarter valued at approximately $29,000. Citadel Advisors LLC purchased a new stake in Network-1 Technologies during the 3rd quarter worth approximately $34,000. Canton Hathaway LLC increased its stake in Network-1 Technologies by 311.1% during the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after buying an additional 212,447 shares during the period. Finally, Cannell Capital LLC lifted its holdings in Network-1 Technologies by 191.4% during the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after buying an additional 702,833 shares in the last quarter. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Network-1 Technologies Stock Performance

Shares of NTIP traded down $0.01 during midday trading on Friday, hitting $1.48. 21,933 shares of the stock were exchanged, compared to its average volume of 330,734. Network-1 Technologies has a 52-week low of $1.16 and a 52-week high of $1.90. The stock has a fifty day simple moving average of $1.46 and a 200 day simple moving average of $1.41. The firm has a market cap of $33.83 million, a P/E ratio of -13.45 and a beta of 0.12.

Network-1 Technologies (NYSEAMERICAN:NTIP) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter.

Network-1 Technologies Company Profile

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.