Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Up 23.4% in January

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 7,233 shares, an increase of 23.4% from the January 15th total of 5,862 shares. Based on an average daily volume of 29,392 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 29,392 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Network-1 Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of Network-1 Technologies during the 3rd quarter worth about $34,000. Virtu Financial LLC acquired a new stake in Network-1 Technologies during the 3rd quarter worth $25,000. Cannell Capital LLC lifted its position in Network-1 Technologies by 191.4% during the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after acquiring an additional 702,833 shares during the period. Northern Financial Advisors Inc acquired a new stake in Network-1 Technologies in the third quarter valued at about $29,000. Finally, Canton Hathaway LLC grew its stake in shares of Network-1 Technologies by 31.6% during the 3rd quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock worth $102,000 after purchasing an additional 16,400 shares during the period. 29.07% of the stock is owned by hedge funds and other institutional investors.

Network-1 Technologies Stock Down 4.7%

Shares of NYSEAMERICAN:NTIP opened at $1.42 on Wednesday. The company has a market capitalization of $32.40 million, a price-to-earnings ratio of -12.91 and a beta of 0.15. Network-1 Technologies has a 52 week low of $1.16 and a 52 week high of $1.90. The firm has a 50 day moving average of $1.33 and a 200 day moving average of $1.44.

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.