Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Sees Large Growth in Short Interest

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 8,200 shares, a growth of 36.7% from the March 15th total of 6,000 shares. Based on an average trading volume of 13,800 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Network-1 Technologies Stock Performance

Shares of NYSEAMERICAN:NTIP traded up $0.01 during trading on Friday, reaching $1.23. The stock had a trading volume of 7,223 shares, compared to its average volume of 25,841. Network-1 Technologies has a 52 week low of $1.17 and a 52 week high of $2.02. The firm has a market cap of $28.34 million, a P/E ratio of -20.50 and a beta of 0.14.

Network-1 Technologies Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.05 dividend. This represents a dividend yield of 7.1%. The ex-dividend date was Friday, March 14th. Network-1 Technologies’s dividend payout ratio is -166.67%.

Institutional Investors Weigh In On Network-1 Technologies

Several large investors have recently added to or reduced their stakes in NTIP. Round Rock Advisors LLC bought a new stake in Network-1 Technologies in the 4th quarter valued at about $163,000. FNY Investment Advisers LLC acquired a new stake in Network-1 Technologies in the first quarter valued at approximately $58,000. Principal Street Partners LLC increased its holdings in shares of Network-1 Technologies by 124.7% during the fourth quarter. Principal Street Partners LLC now owns 36,479 shares of the company’s stock valued at $49,000 after acquiring an additional 20,245 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Network-1 Technologies by 52.2% during the fourth quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock worth $42,000 after purchasing an additional 10,773 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

About Network-1 Technologies

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.