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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 14,266 shares, a decline of 30.3% from the February 12th total of 20,466 shares. Based on an average daily trading volume, of 23,100 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 23,100 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Network-1 Technologies

Several large investors have recently made changes to their positions in NTIP. Cannell Capital LLC increased its stake in Network-1 Technologies by 191.4% in the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after acquiring an additional 702,833 shares during the last quarter. Canton Hathaway LLC boosted its position in shares of Network-1 Technologies by 31.6% during the 3rd quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock valued at $102,000 after acquiring an additional 16,400 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Network-1 Technologies during the 3rd quarter valued at approximately $34,000. Northern Financial Advisors Inc purchased a new position in shares of Network-1 Technologies in the third quarter valued at $29,000. Finally, Virtu Financial LLC bought a new stake in Network-1 Technologies in the third quarter worth $25,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Network-1 Technologies Stock Performance

Shares of NYSEAMERICAN:NTIP remained flat at $1.49 during mid-day trading on Friday. The company had a trading volume of 8,553 shares, compared to its average volume of 22,955. The stock’s 50 day simple moving average is $1.38 and its 200 day simple moving average is $1.44. The company has a market capitalization of $34.00 million, a price-to-earnings ratio of -13.55 and a beta of 0.13. Network-1 Technologies has a 52 week low of $1.16 and a 52 week high of $1.90.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its earnings results on Friday, March 13th. The company reported ($0.05) EPS for the quarter.

Network-1 Technologies Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a dividend of $0.05 per share. This represents a dividend yield of 675.0%. The ex-dividend date is Monday, March 16th. Network-1 Technologies’s dividend payout ratio (DPR) is presently -166.67%.

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.