Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Update

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a significant increase in short interest during 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 days-to-cover ratio is currently 0.1 days. Approximately 2.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Network-1 Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Financial Advisors Inc bought a new position in shares of Network-1 Technologies during the third quarter worth $29,000. Virtu Financial LLC bought a new position in shares of Network-1 Technologies during the third quarter worth $25,000. Cannell Capital LLC boosted its position in shares of Network-1 Technologies by 191.4% during the third quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after purchasing an additional 702,833 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Network-1 Technologies during the third quarter worth $34,000. Finally, Canton Hathaway LLC boosted its position in shares of Network-1 Technologies by 311.1% during the first quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after purchasing an additional 212,447 shares in the last quarter. 29.07% of the stock is owned by institutional investors.

Network-1 Technologies Stock Performance

Shares of NTIP stock opened at $1.47 on Wednesday. Network-1 Technologies has a 52-week low of $1.16 and a 52-week high of $1.90. The stock has a market cap of $33.60 million, a PE ratio of -13.36 and a beta of 0.12. The firm’s 50 day moving average price is $1.46 and its two-hundred day moving average price is $1.42.

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

Network-1 Technologies Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a yield of 690.0%. Network-1 Technologies’s dividend payout ratio (DPR) is presently -166.67%.

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.