Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Update

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 6,000 shares, a decline of 36.2% from the February 28th total of 9,400 shares. Based on an average daily volume of 28,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Network-1 Technologies Stock Performance

Shares of NYSEAMERICAN:NTIP traded down $0.01 during mid-day trading on Friday, reaching $1.31. 9,898 shares of the company’s stock were exchanged, compared to its average volume of 25,249. The firm has a market cap of $30.18 million, a PE ratio of -21.83 and a beta of 0.14. Network-1 Technologies has a twelve month low of $1.22 and a twelve month high of $2.13.

Network-1 Technologies Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.05 dividend. This represents a yield of 7.1%. The ex-dividend date was Friday, March 14th. Network-1 Technologies’s payout ratio is -166.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in shares of Network-1 Technologies by 52.2% in the fourth quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock worth $42,000 after acquiring an additional 10,773 shares during the last quarter. Principal Street Partners LLC grew its position in Network-1 Technologies by 124.7% during the fourth quarter. Principal Street Partners LLC now owns 36,479 shares of the company’s stock valued at $49,000 after buying an additional 20,245 shares during the period. Finally, Round Rock Advisors LLC purchased a new stake in shares of Network-1 Technologies in the 4th quarter worth $163,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.

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.