Network-1 Technologies Inc (NYSEAMERICAN:NTIP) Short Interest Up 139.0% in October

Network-1 Technologies Inc (NYSEAMERICAN:NTIP) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 9,800 shares, a growth of 139.0% from the September 30th total of 4,100 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 16,600 shares, the days-to-cover ratio is currently 0.6 days.

Several hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new stake in shares of Network-1 Technologies in the 2nd quarter worth $25,000. Citadel Advisors LLC purchased a new stake in shares of Network-1 Technologies in the 2nd quarter worth $37,000. BlackRock Inc. lifted its holdings in shares of Network-1 Technologies by 20.3% in the 2nd quarter. BlackRock Inc. now owns 54,991 shares of the company’s stock worth $137,000 after buying an additional 9,282 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Network-1 Technologies by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 669,816 shares of the company’s stock worth $1,675,000 after buying an additional 22,710 shares during the period.

Shares of Network-1 Technologies stock opened at $2.20 on Thursday. Network-1 Technologies has a 52 week low of $2.00 and a 52 week high of $2.78.

Network-1 Technologies (NYSEAMERICAN:NTIP) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.01) EPS for the quarter. The business had revenue of $0.60 million during the quarter.

Network-1 Technologies Company Profile

Network-1 Technologies, Inc develops, licenses, and protects intellectual property assets. The company owns 51 patents, including the remote power patent covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; and the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system.

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