Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Sees Significant Decline in Short Interest

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a large 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 35,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Network-1 Technologies

An institutional investor recently raised its position in Network-1 Technologies stock. Renaissance Technologies LLC boosted its stake in shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 564,644 shares of the company’s stock after buying an additional 22,000 shares during the quarter. Renaissance Technologies LLC owned 2.44% of Network-1 Technologies worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission. 29.07% of the stock is owned by institutional investors and hedge funds.

Network-1 Technologies Price Performance

Shares of NYSEAMERICAN NTIP traded down $0.04 during mid-day trading on Thursday, hitting $1.32. 110,524 shares of the company were exchanged, compared to its average volume of 21,056. Network-1 Technologies has a 1-year low of $1.24 and a 1-year high of $2.25. The company has a market cap of $30.41 million, a PE ratio of -22.00 and a beta of 0.12.

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

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.