Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Up 4,803.1% in April

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 346,499 shares, a growth of 4,803.1% from the April 15th total of 7,067 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily volume of 2,638,923 shares, the days-to-cover ratio is currently 0.1 days.

Network-1 Technologies Price Performance

NTIP stock remained flat at $1.47 during trading on Monday. 53,823 shares of the company were exchanged, compared to its average volume of 371,955. The company has a market capitalization of $33.50 million, a P/E ratio of -13.36 and a beta of 0.12. The business’s fifty day moving average is $1.46 and its 200-day moving average is $1.42. Network-1 Technologies has a twelve month low of $1.16 and a twelve month high of $1.90.

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

Network-1 Technologies Announces Dividend

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

Institutional Investors Weigh In On Network-1 Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of NTIP. Northern Financial Advisors Inc bought a new position in Network-1 Technologies in the third quarter valued at about $29,000. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies during the third quarter valued at about $25,000. Cannell Capital LLC grew its holdings in shares of Network-1 Technologies by 191.4% during the third quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after purchasing an additional 702,833 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Network-1 Technologies during the third quarter worth about $34,000. Finally, Canton Hathaway LLC increased its stake 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 buying an additional 212,447 shares during the period. Institutional investors own 29.07% of the company’s stock.

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.