Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Decreases By 96.6%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 11,911 shares, a drop of 96.6% from the April 30th total of 346,499 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 173,954 shares, the short-interest ratio is currently 0.1 days.

Network-1 Technologies Price Performance

Shares of NTIP traded down $0.02 during trading hours on Thursday, hitting $1.48. The company’s stock had a trading volume of 8,018 shares, compared to its average volume of 333,664. The company has a market cap of $33.83 million, a price-to-earnings ratio of -13.45 and a beta of 0.12. The business has a 50 day simple moving average of $1.46 and a two-hundred day simple moving average of $1.41. Network-1 Technologies has a 52-week low of $1.16 and a 52-week high of $1.90.

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

Network-1 Technologies Dividend Announcement

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

Hedge Funds Weigh In On Network-1 Technologies

A number of large investors have recently modified their holdings of NTIP. Virtu Financial LLC bought a new position in shares of Network-1 Technologies in the third quarter valued at approximately $25,000. Northern Financial Advisors Inc bought a new position in shares of Network-1 Technologies in the third quarter valued at approximately $29,000. Citadel Advisors LLC bought a new position in shares of Network-1 Technologies in the third quarter valued at approximately $34,000. Canton Hathaway LLC boosted its position 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 acquiring an additional 212,447 shares during the period. Finally, Cannell Capital LLC boosted its position 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 acquiring an additional 702,833 shares during the period. 29.07% of the stock is currently owned by institutional investors.

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.