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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 20,466 shares, an increase of 183.0% from the January 29th total of 7,233 shares. Based on an average daily volume of 76,281 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 76,281 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies during the 3rd quarter valued at about $25,000. Northern Financial Advisors Inc acquired a new stake in Network-1 Technologies in the third quarter valued at approximately $29,000. Citadel Advisors LLC bought a new stake in Network-1 Technologies in the third quarter worth approximately $34,000. Canton Hathaway LLC grew its position in Network-1 Technologies by 31.6% in the third quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock worth $102,000 after acquiring an additional 16,400 shares in the last quarter. Finally, Cannell Capital LLC increased its stake in shares of 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 purchasing an additional 702,833 shares during the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Network-1 Technologies Stock Performance

Shares of NYSEAMERICAN NTIP traded up $0.02 during trading on Friday, hitting $1.48. The company had a trading volume of 9,641 shares, compared to its average volume of 48,441. The company has a market cap of $33.82 million, a P/E ratio of -13.47 and a beta of 0.15. The business’s 50-day moving average is $1.35 and its 200 day moving average is $1.44. Network-1 Technologies has a 52 week low of $1.16 and a 52 week high of $1.90.

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.