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

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

Network-1 Technologies Stock Up 0.7%

Shares of NYSEAMERICAN:NTIP traded up $0.01 during mid-day trading on Monday, reaching $1.45. 8,549 shares of the stock were exchanged, compared to its average volume of 266,552. The stock’s 50 day simple moving average is $1.48 and its 200-day simple moving average is $1.43. Network-1 Technologies has a one year low of $1.24 and a one year high of $1.90. The company has a market cap of $33.15 million, a P/E ratio of -13.18 and a beta of 0.13.

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

Institutional Trading of Network-1 Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Network-1 Technologies in the third quarter worth $25,000. Cannell Capital LLC grew its position 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 purchasing an additional 702,833 shares in the last quarter. Citadel Advisors LLC bought a new position in Network-1 Technologies in the third quarter valued at $34,000. Finally, Canton Hathaway LLC increased its stake in 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 buying an additional 212,447 shares during the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

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.