Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Update

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 17,800 shares, a decline of 32.8% from the January 31st total of 26,500 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 31,100 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Network-1 Technologies

A number of hedge funds have recently made changes to their positions in the stock. Round Rock Advisors LLC purchased a new position in Network-1 Technologies in the fourth quarter worth about $163,000. Citadel Advisors LLC lifted its position in Network-1 Technologies by 52.2% in the 4th quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock valued at $42,000 after acquiring an additional 10,773 shares in the last quarter. Finally, Principal Street Partners LLC boosted its stake in Network-1 Technologies by 124.7% during the 4th quarter. Principal Street Partners LLC now owns 36,479 shares of the company’s stock valued at $49,000 after purchasing an additional 20,245 shares during the last quarter. 29.07% of the stock is owned by institutional investors.

Network-1 Technologies Price Performance

NTIP opened at $1.34 on Wednesday. The company has a market capitalization of $30.87 million, a PE ratio of -22.33 and a beta of 0.14. Network-1 Technologies has a 52 week low of $1.22 and a 52 week high of $2.21.

Network-1 Technologies Announces Dividend

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

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.