Short Interest in Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Decreases By 47.2%

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 9,400 shares, a drop of 47.2% from the February 13th total of 17,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 31,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Network-1 Technologies

A number of institutional investors have recently modified their holdings of NTIP. Citadel Advisors LLC grew its stake in shares of Network-1 Technologies by 52.2% in the fourth quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock valued at $42,000 after buying an additional 10,773 shares in the last quarter. Principal Street Partners LLC grew its stake in shares of Network-1 Technologies by 124.7% in the fourth quarter. Principal Street Partners LLC now owns 36,479 shares of the company’s stock valued at $49,000 after buying an additional 20,245 shares in the last quarter. Finally, Round Rock Advisors LLC purchased a new position in Network-1 Technologies in the fourth quarter valued at $163,000. 29.07% of the stock is owned by institutional investors and hedge funds.

Network-1 Technologies Stock Down 1.1 %

NTIP stock traded down $0.02 during midday trading on Friday, hitting $1.35. 16,339 shares of the company’s stock were exchanged, compared to its average volume of 15,887. Network-1 Technologies has a 1-year low of $1.22 and a 1-year high of $2.15. The stock has a market cap of $30.99 million, a price-to-earnings ratio of -22.42 and a beta of 0.14.

Network-1 Technologies Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 7.1%. Network-1 Technologies’s payout ratio is presently -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.