Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Decreases By 29.3%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 26,500 shares, a decline of 29.3% from the January 15th total of 37,500 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 39,200 shares, the short-interest ratio is presently 0.7 days.

Network-1 Technologies Stock Performance

Shares of NYSEAMERICAN:NTIP traded down $0.01 during mid-day trading on Friday, hitting $1.39. The stock had a trading volume of 15,522 shares, compared to its average volume of 12,016. Network-1 Technologies has a 12-month low of $1.22 and a 12-month high of $2.25. The company has a market cap of $31.91 million, a PE ratio of -23.08 and a beta of 0.14.

Institutional Investors Weigh In On Network-1 Technologies

A hedge fund recently bought a new stake in Network-1 Technologies stock. Round Rock Advisors LLC purchased a new stake in shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 122,240 shares of the company’s stock, valued at approximately $163,000. Round Rock Advisors LLC owned approximately 0.53% of Network-1 Technologies as of its most recent SEC filing. 29.07% of the stock is owned by hedge funds and other institutional investors.

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.