Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Declines By 41.3%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 5,862 shares, a decrease of 41.3% from the December 31st total of 9,981 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 28,366 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 28,366 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Network-1 Technologies Trading Down 2.2%

NTIP stock traded down $0.03 during trading on Friday, reaching $1.31. 3,623 shares of the stock were exchanged, compared to its average volume of 28,597. Network-1 Technologies has a twelve month low of $1.16 and a twelve month high of $1.90. The company has a market capitalization of $29.89 million, a P/E ratio of -11.91 and a beta of 0.16. The stock has a 50 day simple moving average of $1.35 and a 200-day simple moving average of $1.44.

Network-1 Technologies (NYSEAMERICAN:NTIP) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) EPS for the quarter.

Institutional Investors Weigh In On Network-1 Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Canton Hathaway LLC grew its stake 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. Virtu Financial LLC bought a new position in shares of Network-1 Technologies during the 3rd quarter worth approximately $25,000. Northern Financial Advisors Inc acquired a new stake in Network-1 Technologies in the 3rd quarter valued at $29,000. Citadel Advisors LLC bought a new stake in Network-1 Technologies in the third quarter valued at $34,000. Finally, 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 acquiring an additional 702,833 shares during the period. Institutional investors own 29.07% of the company’s stock.

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.