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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 14,266 shares, a decrease of 30.3% from the February 12th total of 20,466 shares. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Network-1 Technologies

Large investors have recently added to or reduced their stakes in the stock. Cannell Capital LLC lifted 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. Canton Hathaway LLC grew its stake in 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 last quarter. Citadel Advisors LLC acquired a new position in Network-1 Technologies in the 3rd quarter valued at $34,000. Northern Financial Advisors Inc bought a new position in Network-1 Technologies in the 3rd quarter worth $29,000. Finally, Virtu Financial LLC bought a new position in Network-1 Technologies in the 3rd quarter worth $25,000. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Price Performance

Shares of NTIP stock traded down $0.04 on Monday, hitting $1.46. The company’s stock had a trading volume of 2,835 shares, compared to its average volume of 34,810. The stock has a market capitalization of $33.20 million, a price-to-earnings ratio of -13.23 and a beta of 0.13. Network-1 Technologies has a fifty-two week low of $1.16 and a fifty-two week high of $1.90. The firm’s fifty day moving average price is $1.38 and its 200-day moving average price is $1.44.

Network-1 Technologies (NYSEAMERICAN:NTIP) last posted its earnings results on Friday, March 13th. The company reported ($0.05) EPS for the quarter.

Network-1 Technologies Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.05 dividend. This represents a dividend yield of 687.0%. The ex-dividend date of this dividend is Monday, March 16th. Network-1 Technologies’s dividend payout ratio (DPR) is presently -166.67%.

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.