Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Up 30.0% in December

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 8,422 shares, an increase of 30.0% from the November 30th total of 6,477 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 12,917 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 12,917 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Network-1 Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of NTIP. Cannell Capital LLC boosted its stake 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 acquiring an additional 702,833 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Network-1 Technologies in the 3rd quarter valued at about $34,000. Northern Financial Advisors Inc purchased a new stake in shares of Network-1 Technologies in the 3rd quarter valued at about $29,000. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies in the 3rd quarter valued at about $25,000. Finally, Canton Hathaway LLC boosted its position 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 purchasing an additional 16,400 shares during the period. 29.07% of the stock is owned by hedge funds and other institutional investors.

Network-1 Technologies Price Performance

Shares of NYSEAMERICAN NTIP traded down $0.01 during midday trading on Thursday, hitting $1.31. 24,978 shares of the company’s stock were exchanged, compared to its average volume of 16,313. The firm’s fifty day simple moving average is $1.42 and its 200-day simple moving average is $1.43. The company has a market cap of $29.89 million, a PE ratio of -11.91 and a beta of 0.21. 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 quarterly earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) 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.