Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Down 76.5% in October

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 2,800 shares, a drop of 76.5% from the September 30th total of 11,900 shares. Based on an average trading volume of 22,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Network-1 Technologies

Several large investors have recently modified their holdings of the business. Empowered Funds LLC raised its stake in Network-1 Technologies by 8.1% during the first quarter. Empowered Funds LLC now owns 95,294 shares of the company’s stock worth $197,000 after buying an additional 7,175 shares during the last quarter. Renaissance Technologies LLC raised its stake in Network-1 Technologies by 4.1% during the second quarter. Renaissance Technologies LLC now owns 564,644 shares of the company’s stock worth $1,005,000 after buying an additional 22,000 shares during the last quarter. Finally, Clayton Partners LLC raised its stake in Network-1 Technologies by 1.4% during the second quarter. Clayton Partners LLC now owns 1,529,032 shares of the company’s stock worth $2,722,000 after buying an additional 21,246 shares during the last quarter. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Stock Down 2.2 %

Shares of NTIP stock traded down $0.03 during trading hours on Friday, hitting $1.32. 36,783 shares of the company’s stock traded hands, compared to its average volume of 18,595. Network-1 Technologies has a 12 month low of $1.24 and a 12 month high of $2.25.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $0.10 million for the quarter.

Network-1 Technologies Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.05 per share. This represents a dividend yield of 6.4%. The ex-dividend date of this dividend was Thursday, September 12th. Network-1 Technologies’s payout ratio is currently -125.00%.

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.