Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Down 47.2% in February

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 31,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Round Rock Advisors LLC acquired a new stake in shares of Network-1 Technologies in the 4th quarter valued at approximately $163,000. Principal Street Partners LLC boosted its position in Network-1 Technologies by 124.7% in the fourth quarter. Principal Street Partners LLC now owns 36,479 shares of the company’s stock valued at $49,000 after buying an additional 20,245 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Network-1 Technologies by 52.2% during the fourth quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock worth $42,000 after buying an additional 10,773 shares during the last quarter. Institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Stock Down 0.7 %

Shares of Network-1 Technologies stock opened at $1.36 on Friday. The company has a market cap of $31.33 million, a PE ratio of -22.67 and a beta of 0.14. Network-1 Technologies has a 1-year low of $1.22 and a 1-year high of $2.15.

Network-1 Technologies Dividend Announcement

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

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.