Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Up 176.6% in June

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 29,681 shares, an increase of 176.6% from the June 15th total of 10,729 shares. Based on an average trading volume of 42,786 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are short sold.

Network-1 Technologies Stock Performance

NTIP traded up $0.02 during midday trading on Tuesday, reaching $1.47. 3,722 shares of the company were exchanged, compared to its average volume of 44,295. The company’s fifty day moving average price is $1.48 and its 200 day moving average price is $1.43. Network-1 Technologies has a one year low of $1.24 and a one year high of $1.90.

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

Institutional Investors Weigh In On Network-1 Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Network-1 Technologies during the 3rd quarter worth $25,000. Citadel Advisors LLC purchased a new stake in shares of Network-1 Technologies in the third quarter valued at about $34,000. Canton Hathaway LLC raised its holdings in shares of 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 purchasing an additional 212,447 shares during the last quarter. Finally, Cannell Capital LLC lifted its position in shares of Network-1 Technologies by 191.4% during the third 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 in the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

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.