Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Up 183.0% in February

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large increase in short interest in 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 76,281 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 76,281 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Network-1 Technologies

Several large investors have recently made changes to their positions in NTIP. Cannell Capital LLC increased its stake in Network-1 Technologies by 191.4% in the third quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock valued at $1,605,000 after acquiring an additional 702,833 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Network-1 Technologies in the 3rd quarter valued at $34,000. Northern Financial Advisors Inc acquired a new position in shares of Network-1 Technologies during the 3rd quarter worth $29,000. Virtu Financial LLC bought a new stake in shares of Network-1 Technologies during the 3rd quarter worth $25,000. Finally, Canton Hathaway LLC boosted its stake in 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 buying an additional 16,400 shares in the last quarter. Institutional investors and hedge funds own 29.07% of the company’s stock.

Network-1 Technologies Stock Performance

Shares of NYSEAMERICAN NTIP traded down $0.01 during mid-day trading on Thursday, reaching $1.47. The company had a trading volume of 3,255 shares, compared to its average volume of 40,354. The firm has a market cap of $33.45 million, a price-to-earnings ratio of -13.33 and a beta of 0.15. The business’s 50-day simple moving average is $1.34 and its 200 day simple moving average is $1.44. Network-1 Technologies has a one year low of $1.16 and a one year high of $1.90.

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.