Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Rises By 131.2%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 10,729 shares, an increase of 131.2% from the May 31st total of 4,641 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 27,183 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies during the 3rd quarter worth approximately $25,000. Citadel Advisors LLC bought a new stake in shares of Network-1 Technologies during the third quarter worth approximately $34,000. Canton Hathaway LLC lifted its holdings in Network-1 Technologies by 311.1% in the first quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock valued at $404,000 after buying an additional 212,447 shares during the period. Finally, Cannell Capital LLC lifted its holdings 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 buying an additional 702,833 shares during the period. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Stock Performance

Shares of NYSEAMERICAN NTIP remained flat at $1.47 during midday trading on Wednesday. The stock had a trading volume of 1,786 shares, compared to its average volume of 277,922. The stock has a fifty day simple moving average of $1.47 and a 200-day simple moving average of $1.42. The stock has a market cap of $33.60 million, a price-to-earnings ratio of -13.36 and a beta of 0.13. Network-1 Technologies has a one year low of $1.20 and a one year high of $1.90.

Network-1 Technologies (NYSEAMERICAN:NTIP) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter.

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.