Network-1 Technologies Inc (NYSEAMERICAN:NTIP) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 18,500 shares, an increase of 277.6% from the July 31st total of 4,900 shares. Based on an average daily trading volume, of 28,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are short sold.
Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in Network-1 Technologies in the second quarter valued at $25,000. Citadel Advisors LLC bought a new position in Network-1 Technologies in the 2nd quarter worth $37,000. BlackRock Inc. raised its holdings in Network-1 Technologies by 20.3% in the 2nd quarter. BlackRock Inc. now owns 54,991 shares of the company’s stock worth $137,000 after purchasing an additional 9,282 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Network-1 Technologies by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 669,816 shares of the company’s stock worth $1,675,000 after purchasing an additional 22,710 shares during the period.
Shares of NTIP stock traded up $0.14 during trading hours on Wednesday, reaching $2.48. The company’s stock had a trading volume of 6,800 shares, compared to its average volume of 21,817. Network-1 Technologies has a one year low of $2.00 and a one year high of $2.95.
The firm also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 3rd.
About Network-1 Technologies
Network-1 Technologies, Inc develops, licenses, and protects intellectual property assets. The company owns 51 patents, including the remote power patent covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; and the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system.
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