Network-1 Technologies Inc (NYSEAMERICAN:NTIP) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 26,028 shares, a decline of 59.8% from the November 15th total of 64,701 shares. Based on an average daily volume of 126,291 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.
In related news, major shareholder Steven D. Heinemann sold 200,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $2.60, for a total transaction of $520,000.00. Following the transaction, the insider now directly owns 585,233 shares in the company, valued at $1,521,605.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Steven D. Heinemann sold 20,791 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $4.31, for a total value of $89,609.21. The disclosure for this sale can be found here. Insiders sold 253,200 shares of company stock worth $746,473 over the last quarter.
Hedge funds have recently added to or reduced their stakes in the company. Seizert Capital Partners LLC grew its stake in shares of Network-1 Technologies by 75.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 186,489 shares of the company’s stock valued at $718,000 after purchasing an additional 80,276 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Network-1 Technologies by 98.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 107,529 shares of the company’s stock valued at $457,000 after purchasing an additional 53,229 shares during the period. Numeric Investors LLC grew its stake in shares of Network-1 Technologies by 107.5% in the 2nd quarter. Numeric Investors LLC now owns 1,137,952 shares of the company’s stock valued at $4,836,000 after purchasing an additional 589,543 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Network-1 Technologies by 1,731.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 230,276 shares of the company’s stock valued at $979,000 after purchasing an additional 217,705 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Network-1 Technologies by 452.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 55,590 shares of the company’s stock valued at $236,000 after purchasing an additional 45,520 shares during the period.
Network-1 Technologies (NYSEAMERICAN:NTIP) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $0.02 earnings per share (EPS) for the quarter. Network-1 Technologies had a return on equity of 11.15% and a net margin of 31.76%. The firm had revenue of $3.24 million for the quarter.
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About Network-1 Technologies
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