Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Update

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 5,862 shares, a decline of 41.3% from the December 31st total of 9,981 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 28,366 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 28,366 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Network-1 Technologies Trading Down 2.2%

Shares of NTIP traded down $0.03 during midday trading on Friday, reaching $1.31. 7,751 shares of the stock were exchanged, compared to its average volume of 28,491. The company’s 50 day moving average is $1.35 and its two-hundred day moving average is $1.44. The company has a market capitalization of $29.89 million, a P/E ratio of -11.91 and a beta of 0.16. 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 Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Network-1 Technologies

Several large investors have recently bought and sold shares of NTIP. Canton Hathaway LLC grew its position in shares of Network-1 Technologies by 31.6% in the third quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock valued at $102,000 after purchasing an additional 16,400 shares during the period. Northern Financial Advisors Inc acquired a new stake in shares of Network-1 Technologies during the 3rd quarter worth $29,000. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies during the 3rd quarter worth $25,000. Cannell Capital LLC raised its position 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 worth $1,605,000 after buying an additional 702,833 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Network-1 Technologies in the third quarter valued at $34,000. Hedge funds and other 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.