Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Declines By 41.3%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 5,862 shares, a drop of 41.3% from the December 31st total of 9,981 shares. Based on an average daily volume of 28,366 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 28,366 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Network-1 Technologies

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of Network-1 Technologies during the third quarter valued at approximately $34,000. Cannell Capital LLC lifted its holdings in Network-1 Technologies by 191.4% during the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after buying an additional 702,833 shares in the last quarter. Virtu Financial LLC bought a new position in Network-1 Technologies in the 3rd quarter valued at $25,000. Northern Financial Advisors Inc bought a new position in Network-1 Technologies in the 3rd quarter valued at $29,000. Finally, Canton Hathaway LLC increased its stake in shares of Network-1 Technologies by 31.6% in the 3rd 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 during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Network-1 Technologies Stock Performance

Network-1 Technologies stock traded down $0.03 on Friday, reaching $1.31. The company’s stock had a trading volume of 3,623 shares, compared to its average volume of 28,597. The company has a market cap of $29.89 million, a price-to-earnings ratio of -11.91 and a beta of 0.16. The business’s fifty day moving average price is $1.35 and its 200 day moving average price is $1.44. Network-1 Technologies has a twelve month low of $1.16 and a twelve month high of $1.90.

Network-1 Technologies (NYSEAMERICAN:NTIP) last announced its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter.

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.