Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Update

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a large increase in short interest in the month of 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. Based on an average daily volume of 27,183 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Network-1 Technologies Trading Down 0.7%

Shares of NTIP traded down $0.01 during trading hours on Monday, reaching $1.49. The company had a trading volume of 23,040 shares, compared to its average volume of 282,286. Network-1 Technologies has a 12-month low of $1.20 and a 12-month high of $1.90. The firm has a 50 day simple moving average of $1.47 and a 200-day simple moving average of $1.42. The company has a market capitalization of $34.06 million, a price-to-earnings ratio of -13.55 and a beta of 0.12.

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

Institutional Trading of Network-1 Technologies

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of 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 worth about $34,000. Canton Hathaway LLC boosted its position 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 worth $404,000 after buying an additional 212,447 shares during the period. Finally, Cannell Capital LLC grew 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 valued at $1,605,000 after buying an additional 702,833 shares in the last quarter. 29.07% of the stock is owned by hedge funds and other institutional investors.

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.