Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Update

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 20,466 shares, a growth of 183.0% from the January 29th total of 7,233 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 76,281 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 76,281 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Network-1 Technologies Price Performance

NYSEAMERICAN:NTIP traded up $0.02 during trading hours on Friday, hitting $1.48. 9,641 shares of the company were exchanged, compared to its average volume of 48,441. Network-1 Technologies has a 52-week low of $1.16 and a 52-week high of $1.90. The stock has a market capitalization of $33.82 million, a price-to-earnings ratio of -13.47 and a beta of 0.15. The company’s 50 day moving average price is $1.35 and its 200-day moving average price is $1.44.

Institutional Inflows and Outflows

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

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.