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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 29,681 shares, a growth of 176.6% from the June 15th total of 10,729 shares. Based on an average daily trading volume, of 42,786 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Network-1 Technologies

Several institutional investors and hedge funds have recently modified their holdings of NTIP. Virtu Financial LLC bought a new stake in Network-1 Technologies during the 3rd quarter worth approximately $25,000. Citadel Advisors LLC bought a new position in Network-1 Technologies in the third quarter valued at approximately $34,000. Canton Hathaway LLC boosted its holdings in shares of Network-1 Technologies by 311.1% in the first quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock valued at $404,000 after buying an additional 212,447 shares during the period. Finally, Cannell Capital LLC boosted its holdings in shares of 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 buying an additional 702,833 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Network-1 Technologies Stock Up 0.7%

Network-1 Technologies stock traded up $0.01 during mid-day trading on Monday, hitting $1.45. 8,549 shares of the company’s stock were exchanged, compared to its average volume of 266,552. The firm has a market capitalization of $33.15 million, a P/E ratio of -13.18 and a beta of 0.13. Network-1 Technologies has a fifty-two week low of $1.24 and a fifty-two week high of $1.90. The company’s 50 day simple moving average is $1.48 and its 200-day simple moving average is $1.43.

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

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.