Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Down 41.3% in January
by Teresa Graham · The Cerbat GemNetwork-1 Technologies, Inc. (NYSEAMERICAN:NTIP – Get Free Report) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 5,862 shares, a decrease of 41.3% from the December 31st total of 9,981 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 28,366 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 28,366 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Hedge Funds Weigh In On Network-1 Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in Network-1 Technologies in the 3rd quarter valued at $25,000. Northern Financial Advisors Inc bought a new position in shares of Network-1 Technologies during the 3rd quarter worth about $29,000. Citadel Advisors LLC acquired a new stake in shares of Network-1 Technologies during the 3rd quarter valued at about $34,000. Canton Hathaway LLC increased its stake in Network-1 Technologies by 31.6% in the third quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock valued at $102,000 after acquiring an additional 16,400 shares during the period. Finally, Cannell Capital LLC raised its position in 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 purchasing an additional 702,833 shares in the last quarter. Institutional investors own 29.07% of the company’s stock.
Network-1 Technologies Trading Down 2.2%
NTIP traded down $0.03 during trading on Friday, hitting $1.31. The stock had a trading volume of 7,751 shares, compared to its average volume of 27,535. The company has a 50 day simple moving average of $1.35 and a 200-day simple moving average of $1.44. The firm has a market cap of $29.89 million, a PE ratio of -11.91 and a beta of 0.15. Network-1 Technologies has a 12 month low of $1.16 and a 12 month high of $1.90.
Network-1 Technologies (NYSEAMERICAN:NTIP – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter.
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.