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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,700 shares, a drop of 52.6% from the November 15th total of 5,700 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 35,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Network-1 Technologies stock. Clayton Partners LLC lifted its holdings in shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,529,032 shares of the company’s stock after buying an additional 21,246 shares during the period. Network-1 Technologies makes up 2.2% of Clayton Partners LLC’s portfolio, making the stock its 21st biggest position. Clayton Partners LLC owned about 6.60% of Network-1 Technologies worth $2,722,000 as of its most recent SEC filing. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Stock Down 3.0 %

NTIP stock traded down $0.04 on Friday, reaching $1.28. 1,320 shares of the company traded hands, compared to its average volume of 20,974. The firm has a market cap of $29.49 million, a PE ratio of -21.33 and a beta of 0.12. Network-1 Technologies has a one year low of $1.24 and a one year high of $2.25.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its earnings results on Thursday, October 24th. The company reported ($0.01) EPS for the quarter.

About Network-1 Technologies

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.