Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP – Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 9,400 shares, a decrease of 47.2% from the February 13th total of 17,800 shares. Based on an average trading volume of 31,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Network-1 Technologies Trading Down 1.1 %
NTIP traded down $0.02 during trading hours on Friday, reaching $1.35. 16,339 shares of the stock traded hands, compared to its average volume of 15,887. Network-1 Technologies has a fifty-two week low of $1.22 and a fifty-two week high of $2.15. The firm has a market cap of $30.99 million, a price-to-earnings ratio of -22.42 and a beta of 0.14.
Network-1 Technologies Announces Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.05 per share. This represents a dividend yield of 7.1%. The ex-dividend date is Friday, March 14th. Network-1 Technologies’s dividend payout ratio (DPR) is currently -166.67%.
Institutional Inflows and Outflows
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.
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