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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 17,800 shares, a decline of 32.8% from the January 31st total of 26,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 31,100 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Network-1 Technologies

A number of hedge funds have recently made changes to their positions in NTIP. Round Rock Advisors LLC bought a new stake in Network-1 Technologies during the fourth quarter worth approximately $163,000. Principal Street Partners LLC raised its holdings 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 worth $49,000 after purchasing an additional 20,245 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in Network-1 Technologies by 52.2% during the fourth quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock worth $42,000 after purchasing an additional 10,773 shares in the last quarter. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Trading Down 1.5 %

Shares of NTIP traded down $0.02 during mid-day trading on Tuesday, reaching $1.34. 33,808 shares of the company’s stock traded hands, compared to its average volume of 17,515. The stock has a market cap of $30.87 million, a PE ratio of -22.33 and a beta of 0.14. Network-1 Technologies has a 12 month low of $1.22 and a 12 month high of $2.21.

Network-1 Technologies Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 7.1%. Network-1 Technologies’s dividend payout ratio (DPR) is presently -166.67%.

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.