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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,641 shares, a decline of 61.0% from the May 14th total of 11,911 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 34,464 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Network-1 Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Canton Hathaway LLC grew its position in Network-1 Technologies by 311.1% during the first quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after buying an additional 212,447 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Network-1 Technologies in the 3rd quarter valued at approximately $34,000. Cannell Capital LLC grew its stake in shares of Network-1 Technologies by 191.4% in the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock valued at $1,605,000 after purchasing an additional 702,833 shares during the period. Virtu Financial LLC bought a new stake in shares of Network-1 Technologies in the 3rd quarter valued at approximately $25,000. Finally, Northern Financial Advisors Inc bought a new stake in shares of Network-1 Technologies in the 3rd quarter valued at approximately $29,000. 29.07% of the stock is owned by institutional investors and hedge funds.

Network-1 Technologies Stock Performance

Shares of Network-1 Technologies stock traded down $0.01 during trading on Friday, reaching $1.49. The company’s stock had a trading volume of 60,220 shares, compared to its average volume of 27,847. The business’s fifty day moving average price is $1.47 and its 200-day moving average price is $1.42. The firm has a market cap of $34.06 million, a price-to-earnings ratio of -13.55 and a beta of 0.13. Network-1 Technologies has a one year low of $1.16 and a one year high of $1.90.

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