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

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 2,700 shares, a decrease of 52.6% from the November 15th total of 5,700 shares. Approximately 0.0% of the shares of the stock 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 Stock Performance

Shares of NTIP stock traded down $0.04 on Friday, hitting $1.28. 1,320 shares of the company’s stock traded hands, compared to its average volume of 20,974. The firm has a market cap of $29.49 million, a P/E ratio of -21.33 and a beta of 0.12. Network-1 Technologies has a one year low of $1.24 and a one 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 Inflows and Outflows

A hedge fund recently raised its stake in Network-1 Technologies stock. Renaissance Technologies LLC boosted its position in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 564,644 shares of the company’s stock after purchasing an additional 22,000 shares during the quarter. Renaissance Technologies LLC owned approximately 2.44% of Network-1 Technologies worth $1,005,000 at the end of the most recent quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

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.