Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Sees Significant Growth in Short Interest

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 66,368 shares, a growth of 122.9% from the July 15th total of 29,772 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 42,667 shares, the short-interest ratio is presently 1.6 days.

Network-1 Technologies Stock Performance

Shares of Network-1 Technologies stock traded up $0.01 during midday trading on Friday, reaching $1.55. 17,684 shares of the company’s stock traded hands, compared to its average volume of 32,337. The company has a market cap of $35.43 million, a price-to-earnings ratio of -12.92 and a beta of 0.12. The company’s 50 day simple moving average is $1.52 and its 200 day simple moving average is $1.47. Network-1 Technologies has a 52 week low of $1.24 and a 52 week high of $1.90.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Institutional Trading of Network-1 Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies in the third quarter worth about $25,000. Citadel Advisors LLC acquired a new position in shares of Network-1 Technologies during the 3rd quarter valued at about $34,000. BlackRock Inc. bought a new position in shares of Network-1 Technologies in the 2nd quarter valued at approximately $73,000. Finally, Canton Hathaway LLC raised its stake in shares of Network-1 Technologies by 311.1% in the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock valued at $404,000 after acquiring an additional 212,447 shares in the last quarter. Institutional investors and hedge funds 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.