Network-1 Technologies Inc (NYSEAMERICAN:NTIP) Short Interest Down 31.7% in October
Network-1 Technologies Inc (NYSEAMERICAN:NTIP) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 4,100 shares, a decrease of 31.7% from the September 30th total of 6,000 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 19,000 shares, the short-interest ratio is currently 0.2 days.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in shares of Network-1 Technologies by 3.5% during the second quarter. Renaissance Technologies LLC now owns 669,816 shares of the company’s stock valued at $1,675,000 after purchasing an additional 22,710 shares in the last quarter. BlackRock Inc. increased its stake in shares of Network-1 Technologies by 20.3% during the second quarter. BlackRock Inc. now owns 54,991 shares of the company’s stock valued at $137,000 after purchasing an additional 9,282 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Network-1 Technologies during the second quarter valued at approximately $37,000. Finally, Susquehanna International Group LLP bought a new position in shares of Network-1 Technologies during the second quarter valued at approximately $25,000.
NTIP stock opened at $2.23 on Tuesday. Network-1 Technologies has a 1 year low of $2.00 and a 1 year high of $2.79.
Network-1 Technologies Company Profile
Network-1 Technologies, Inc develops, licenses, and protects intellectual property assets. The company owns 51 patents, including the remote power patent covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; and the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system.
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