Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Decreases By 36.2%

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

Network-1 Technologies Trading Down 0.8 %

Shares of NTIP stock traded down $0.01 during mid-day trading on Friday, hitting $1.31. The stock had a trading volume of 9,898 shares, compared to its average volume of 25,249. Network-1 Technologies has a 12-month low of $1.22 and a 12-month high of $2.13. The stock has a market capitalization of $30.18 million, a price-to-earnings ratio of -21.83 and a beta of 0.14.

Network-1 Technologies Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 7.1%. Network-1 Technologies’s dividend payout ratio (DPR) is presently -166.67%.

Hedge Funds Weigh In On Network-1 Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Street Partners LLC boosted its stake in shares of Network-1 Technologies by 124.7% during the 4th quarter. Principal Street Partners LLC now owns 36,479 shares of the company’s stock worth $49,000 after acquiring an additional 20,245 shares in the last quarter. Citadel Advisors LLC boosted its stake in Network-1 Technologies by 52.2% during the 4th 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. Finally, Round Rock Advisors LLC purchased a new stake in Network-1 Technologies during the 4th quarter valued at about $163,000. 29.07% of the stock is owned by hedge funds and other institutional investors.

Network-1 Technologies Company Profile

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.