Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Down 61.0% in May

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,641 shares, a decline of 61.0% from the May 14th total of 11,911 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 34,464 shares, the short-interest ratio is presently 0.1 days.

Network-1 Technologies Trading Down 0.7%

NYSEAMERICAN NTIP traded down $0.01 during trading on Friday, reaching $1.49. The company’s stock had a trading volume of 60,220 shares, compared to its average volume of 27,847. The firm has a market capitalization of $34.06 million, a price-to-earnings ratio of -13.55 and a beta of 0.13. Network-1 Technologies has a 12 month low of $1.16 and a 12 month high of $1.90. The firm has a 50 day moving average price of $1.47 and a 200 day moving average price of $1.42.

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

Institutional Trading of Network-1 Technologies

A number of institutional investors have recently bought and sold shares of NTIP. Virtu Financial LLC bought a new stake in shares of Network-1 Technologies during the 3rd quarter worth approximately $25,000. Northern Financial Advisors Inc bought a new stake in shares of Network-1 Technologies during the 3rd quarter worth approximately $29,000. Citadel Advisors LLC bought a new stake in shares of Network-1 Technologies during the 3rd quarter worth approximately $34,000. Canton Hathaway LLC lifted its holdings 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 acquiring an additional 212,447 shares during the period. Finally, Cannell Capital LLC lifted its holdings in shares of Network-1 Technologies by 191.4% during 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 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.