Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Up 30.0% in December

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 8,422 shares, a growth of 30.0% from the November 30th total of 6,477 shares. Based on an average trading volume of 12,917 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 12,917 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Network-1 Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in Network-1 Technologies in the 3rd quarter worth approximately $34,000. Cannell Capital LLC increased 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 period. Virtu Financial LLC purchased a new position in shares of Network-1 Technologies in the third quarter worth $25,000. Northern Financial Advisors Inc bought a new stake in Network-1 Technologies during the 3rd quarter valued at $29,000. Finally, Canton Hathaway LLC boosted its position in Network-1 Technologies by 31.6% during the 3rd quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock valued at $102,000 after buying an additional 16,400 shares during the period. 29.07% of the stock is currently owned by institutional investors.

Network-1 Technologies Stock Down 0.5%

Shares of Network-1 Technologies stock traded down $0.01 during trading on Wednesday, reaching $1.31. The company’s stock had a trading volume of 24,978 shares, compared to its average volume of 16,313. Network-1 Technologies has a 52-week low of $1.16 and a 52-week high of $1.90. The firm’s 50-day moving average is $1.42 and its two-hundred day moving average is $1.43. The company has a market cap of $29.89 million, a price-to-earnings ratio of -11.91 and a beta of 0.21.

Network-1 Technologies (NYSEAMERICAN:NTIP) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share 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.