Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Down 60.9% in March

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 5,573 shares, a decline of 60.9% from the February 26th total of 14,266 shares. Based on an average daily trading volume, of 19,265 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Network-1 Technologies Price Performance

Network-1 Technologies stock traded down $0.00 during mid-day trading on Thursday, hitting $1.47. The company’s stock had a trading volume of 1,267 shares, compared to its average volume of 31,453. The firm’s 50 day moving average is $1.41 and its 200 day moving average is $1.44. The company has a market cap of $33.50 million, a PE ratio of -13.36 and a beta of 0.13. Network-1 Technologies has a 52-week low of $1.16 and a 52-week high of $1.90.

Network-1 Technologies (NYSEAMERICAN:NTIP) last posted its quarterly earnings results on Friday, March 13th. The company reported ($0.05) EPS for the quarter.

Network-1 Technologies Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a dividend yield of 690.0%. Network-1 Technologies’s dividend payout ratio (DPR) is -166.67%.

Institutional Investors Weigh In On Network-1 Technologies

Several large investors have recently made changes to their positions in the company. Cannell Capital LLC lifted its stake in shares of Network-1 Technologies by 191.4% in the third 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 during the last quarter. Canton Hathaway LLC raised its holdings in Network-1 Technologies by 31.6% in the 3rd quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock worth $102,000 after acquiring an additional 16,400 shares during the period. Citadel Advisors LLC bought a new position in Network-1 Technologies in the 3rd quarter worth $34,000. Northern Financial Advisors Inc acquired a new position in Network-1 Technologies during the 3rd quarter worth $29,000. Finally, Virtu Financial LLC bought a new stake in Network-1 Technologies during the third quarter valued at about $25,000. Institutional investors own 29.07% of the company’s stock.

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.