Network based systems

Network-1 Technologies, Inc. (NYSEAMERICAN: NTIP) Short Interest Down 53.5% in April


Network-1 Technologies, Inc. (NYSEAMERICAN: NTIPGet a rating) benefited from a significant drop in short-term interest rates in April. As of April 30, there was short interest totaling 4,700 shares, down 53.5% from the total of 10,100 shares as of April 15. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 16,200 shares, the short interest rate is currently 0.3 days.

NTIP traded at $0.07 in Friday’s midday session, hitting $2.52. The company had a trading volume of 18,188 shares, compared to an average volume of 12,412 shares. Network-1 Technologies has a 52 week low of $2.36 and a 52 week high of $4.15. The company has a market capitalization of $60.18 million, a P/E ratio of 4.22 and a beta of 0.32.

Network-1 Technologies (NYSEAMERICAN: NTIPGet a rating) last released its quarterly results on Wednesday, March 30. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.34 million for the quarter.

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 24. Shareholders of record on Wednesday, March 9 received a dividend of $0.05. This represents a return of 3.9%. The ex-dividend date was Tuesday, March 8. Network-1 Technologies’ dividend payout ratio (DPR) is currently 17.24%.

Several large investors have recently bought and sold shares of the company. Clayton Partners LLC increased its position in shares of Network-1 Technologies by 1.9% during the fourth quarter. Clayton Partners LLC now owns 854,032 shares of the company worth $2,408,000 after acquiring an additional 16,169 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Network-1 Technologies during the fourth quarter at a value of approximately $71,000. BlackRock Inc. increased its position in shares of Network-1 Technologies by 181.1% during the third quarter. BlackRock Inc. now owns 46,965 shares of the company worth $139,000 after acquiring 30,255 additional shares in the last quarter. Finally, Greenwich Investment Management Inc. purchased a new stake in the shares of Network-1 Technologies during the fourth quarter at a value of approximately $2,120,000. 21.21% of the shares are held by institutional investors.

About Network-1 Technologies (Get a rating)

Network-1 Technologies, Inc develops, licenses and protects intellectual property assets. The company holds 95 patents, including the Cox patent portfolio relating to enabling technology for identifying Internet media content; M2M/IoT patent portfolio related to enabling technology for authentication, provisioning and use of embedded SIM cards in next-generation IoT, machine-to-machine and other mobile devices, including smartphones , tablets and computers; and the HFT patent portfolio covering technologies related to high-frequency trading that solve technological problems associated with speed and latency, and provide critical latency gains in trading systems.

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