Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Up 23.4% in January

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 7,233 shares, an increase of 23.4% from the January 15th total of 5,862 shares. Based on an average daily trading volume, of 29,392 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,392 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Network-1 Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Canton Hathaway LLC boosted its stake in Network-1 Technologies by 31.6% in the 3rd quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock valued at $102,000 after buying an additional 16,400 shares in the last quarter. Northern Financial Advisors Inc bought a new position in shares of Network-1 Technologies during the third quarter valued at $29,000. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies in the 3rd quarter valued at $25,000. Cannell Capital LLC boosted its stake in shares of Network-1 Technologies by 191.4% in the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock valued at $1,605,000 after purchasing an additional 702,833 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Network-1 Technologies in the 3rd quarter worth about $34,000. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Stock Performance

Shares of Network-1 Technologies stock opened at $1.49 on Tuesday. The firm has a market cap of $34.00 million, a P/E ratio of -13.55 and a beta of 0.15. The firm’s 50-day simple moving average is $1.33 and its 200-day simple moving average is $1.44. Network-1 Technologies has a twelve month low of $1.16 and a twelve month high of $1.90.

Network-1 Technologies Company Profile

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.