Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Expands By 122.9%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 66,368 shares, an increase of 122.9% from the July 15th total of 29,772 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 42,667 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NTIP. Canton Hathaway LLC increased its stake in shares of Network-1 Technologies by 311.1% in the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after purchasing an additional 212,447 shares in the last quarter. BlackRock Inc. purchased a new stake in Network-1 Technologies in the second quarter worth about $73,000. Citadel Advisors LLC purchased a new position in shares of Network-1 Technologies during the 3rd quarter valued at about $34,000. Finally, Virtu Financial LLC purchased a new position in shares of Network-1 Technologies during the 3rd quarter valued at about $25,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Price Performance

Network-1 Technologies stock traded up $0.01 during mid-day trading on Friday, reaching $1.55. 17,684 shares of the stock traded hands, compared to its average volume of 32,337. Network-1 Technologies has a 12-month low of $1.24 and a 12-month high of $1.90. The business’s 50-day moving average is $1.52 and its 200-day moving average is $1.47. The stock has a market capitalization of $35.43 million, a PE ratio of -12.92 and a beta of 0.12.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter.

About Network-1 Technologies

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.