Network-1 Technologies Inc (NYSEAMERICAN:NTIP) Sees Large Growth in Short Interest

Network-1 Technologies Inc (NYSEAMERICAN:NTIP) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 23,900 shares, an increase of 29.2% from the September 15th total of 18,500 shares. Based on an average daily trading volume, of 35,400 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

An institutional investor recently raised its position in Network-1 Technologies stock. Bridgeway Capital Management Inc. increased its position in shares of Network-1 Technologies Inc (NYSEAMERICAN:NTIP) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,200 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Bridgeway Capital Management Inc. owned 1.08% of Network-1 Technologies worth $563,000 at the end of the most recent quarter.

Shares of NYSEAMERICAN NTIP traded down $0.06 during midday trading on Friday, hitting $2.86. 5,057 shares of the company’s stock were exchanged, compared to its average volume of 22,895. Network-1 Technologies has a twelve month low of $1.80 and a twelve month high of $3.24.

Network-1 Technologies (NYSEAMERICAN:NTIP) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $0.06 million during the quarter.

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 14th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a dividend yield of 4.5%.

Network-1 Technologies Company Profile

Network-1 Technologies, Inc develops, licenses, and protects intellectual property assets. The company owns 51 patents, including the remote power patent covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; and the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system.

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