Network-1 Technologies Inc (NYSEAMERICAN:NTIP) Sees Large Increase in Short Interest

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Network-1 Technologies Inc (NYSEAMERICAN:NTIP) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 4,900 shares, a growth of 14.0% from the June 30th total of 4,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 27,100 shares, the short-interest ratio is currently 0.2 days.

NTIP stock opened at $2.67 on Thursday. Network-1 Technologies has a 52 week low of $2.00 and a 52 week high of $3.00.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its earnings results on Wednesday, May 15th. The company reported ($0.01) EPS for the quarter. The company had revenue of $0.61 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Network-1 Technologies by 20.3% during the 2nd quarter. BlackRock Inc. now owns 54,991 shares of the company’s stock valued at $137,000 after acquiring an additional 9,282 shares during the period. Citadel Advisors LLC acquired a new stake in Network-1 Technologies during the 2nd quarter valued at approximately $37,000. Finally, Renaissance Technologies LLC lifted its stake in Network-1 Technologies by 3.5% during the 2nd quarter. Renaissance Technologies LLC now owns 669,816 shares of the company’s stock valued at $1,675,000 after acquiring an additional 22,710 shares during the period.

Network-1 Technologies Company Profile

Network-1 Technologies, Inc develops, licenses, and protects intellectual property assets. The company owns 51 patents, including the remote power patent covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; and the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system.

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