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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 40,900 shares, an increase of 948.7% from the December 15th total of 3,900 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 47,100 shares, the days-to-cover ratio is currently 0.9 days.

Network-1 Technologies Stock Performance

NYSEAMERICAN NTIP remained flat at $1.42 during trading on Monday. The company’s stock had a trading volume of 8,675 shares, compared to its average volume of 21,025. The firm has a market capitalization of $32.72 million, a P/E ratio of -23.67 and a beta of 0.12. Network-1 Technologies has a 1 year low of $1.22 and a 1 year high of $2.25.

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

Institutional Investors Weigh In On Network-1 Technologies

A hedge fund recently raised its stake in Network-1 Technologies stock. Clayton Partners LLC boosted its holdings in shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,529,032 shares of the company’s stock after purchasing an additional 21,246 shares during the period. Network-1 Technologies comprises approximately 2.2% of Clayton Partners LLC’s investment portfolio, making the stock its 21st biggest position. Clayton Partners LLC owned 6.60% of Network-1 Technologies worth $2,722,000 at the end of the most recent quarter. 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.