Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Grows By 4,803.1%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 346,499 shares, an increase of 4,803.1% from the April 15th total of 7,067 shares. Based on an average trading volume of 2,638,923 shares, the short-interest ratio is currently 0.1 days. Approximately 2.2% of the shares of the stock are sold short.

Network-1 Technologies Price Performance

Shares of NYSEAMERICAN:NTIP remained flat at $1.47 during trading on Monday. The stock had a trading volume of 53,823 shares, compared to its average volume of 371,955. The business’s 50 day moving average price is $1.46 and its 200 day moving average price is $1.42. The company has a market capitalization of $33.50 million, a price-to-earnings ratio of -13.36 and a beta of 0.12. Network-1 Technologies has a 1 year low of $1.16 and a 1 year high of $1.90.

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

Network-1 Technologies Announces Dividend

The company also recently announced a dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were given a $0.05 dividend. The ex-dividend date was Monday, March 16th. This represents a dividend yield of 690.0%. Network-1 Technologies’s payout ratio is presently -166.67%.

Institutional Investors Weigh In On Network-1 Technologies

A number of large investors have recently modified their holdings of NTIP. Cannell Capital LLC increased its stake in shares of Network-1 Technologies by 191.4% in the 3rd 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 during the last quarter. Canton Hathaway LLC lifted its position in shares of Network-1 Technologies by 311.1% during the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after buying an additional 212,447 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Network-1 Technologies in the third quarter valued at about $34,000. Northern Financial Advisors Inc bought a new position in Network-1 Technologies in the third quarter valued at about $29,000. Finally, Virtu Financial LLC bought a new position in Network-1 Technologies in the third quarter valued at about $25,000. Institutional investors and hedge funds own 29.07% of the company’s stock.

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.