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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 6,000 shares, a decrease of 36.2% from the February 28th total of 9,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 28,600 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Network-1 Technologies

Several large investors have recently bought and sold shares of the business. Round Rock Advisors LLC purchased a new position in shares of Network-1 Technologies in the 4th quarter worth $163,000. Principal Street Partners LLC lifted its holdings in Network-1 Technologies by 124.7% in the fourth quarter. Principal Street Partners LLC now owns 36,479 shares of the company’s stock valued at $49,000 after acquiring an additional 20,245 shares during the period. Finally, Citadel Advisors LLC boosted its position in 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 purchasing an additional 10,773 shares during the last quarter. 29.07% of the stock is currently owned by institutional investors.

Network-1 Technologies Price Performance

NYSEAMERICAN NTIP traded down $0.01 on Monday, hitting $1.30. The stock had a trading volume of 8,266 shares, compared to its average volume of 25,182. The stock has a market capitalization of $29.95 million, a PE ratio of -21.67 and a beta of 0.14. Network-1 Technologies has a 52-week low of $1.22 and a 52-week high of $2.13.

Network-1 Technologies Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.05 per share. This represents a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, March 14th. Network-1 Technologies’s payout ratio is currently -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.