Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Declines By 52.6%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,700 shares, a drop of 52.6% from the November 15th total of 5,700 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 35,700 shares, the days-to-cover ratio is currently 0.1 days.

Network-1 Technologies Trading Down 3.0 %

Shares of NYSEAMERICAN NTIP traded down $0.04 during trading hours on Friday, hitting $1.28. 1,320 shares of the stock were exchanged, compared to its average volume of 20,974. The firm has a market capitalization of $29.49 million, a price-to-earnings ratio of -21.33 and a beta of 0.12. Network-1 Technologies has a 1-year low of $1.24 and a 1-year high of $2.25.

Network-1 Technologies (NYSEAMERICAN:NTIP) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Trading of Network-1 Technologies

A hedge fund recently raised its stake in Network-1 Technologies stock. Clayton Partners LLC raised its stake in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,529,032 shares of the company’s stock after buying an additional 21,246 shares during the period. Network-1 Technologies accounts for 2.2% of Clayton Partners LLC’s holdings, making the stock its 21st largest holding. Clayton Partners LLC owned approximately 6.60% of Network-1 Technologies worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 29.07% of the company’s stock.

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.