Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Decreases By 32.8%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 17,800 shares, a decrease of 32.8% from the January 31st total of 26,500 shares. Based on an average daily volume of 31,100 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Network-1 Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Street Partners LLC lifted 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 purchasing an additional 20,245 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Network-1 Technologies by 52.2% during the 4th quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock valued at $42,000 after buying an additional 10,773 shares in the last quarter. Finally, Round Rock Advisors LLC bought a new position in shares of Network-1 Technologies in the 4th quarter valued at about $163,000. 29.07% of the stock is owned by institutional investors.

Network-1 Technologies Price Performance

NTIP opened at $1.34 on Wednesday. The firm has a market cap of $30.87 million, a P/E ratio of -22.33 and a beta of 0.14. Network-1 Technologies has a fifty-two week low of $1.22 and a fifty-two week high of $2.21.

Network-1 Technologies Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.05 dividend. 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 -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.