Network-1 Technologies Inc (NYSEAMERICAN:NTIP) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 6,000 shares, an increase of 27.7% from the August 30th total of 4,700 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 21,400 shares, the short-interest ratio is currently 0.3 days.
Shares of NTIP traded up $0.02 during trading hours on Monday, reaching $2.24. The stock had a trading volume of 1,609 shares, compared to its average volume of 20,830. Network-1 Technologies has a 52 week low of $2.00 and a 52 week high of $2.90.
Network-1 Technologies (NYSEAMERICAN:NTIP) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.60 million during the quarter.
A number of hedge funds and other institutional investors have recently modified their holdings of NTIP. Renaissance Technologies LLC raised its stake in shares of Network-1 Technologies by 3.5% during the second quarter. Renaissance Technologies LLC now owns 669,816 shares of the company’s stock worth $1,675,000 after purchasing an additional 22,710 shares during the last quarter. BlackRock Inc. raised its stake in shares of Network-1 Technologies by 20.3% during the second quarter. BlackRock Inc. now owns 54,991 shares of the company’s stock worth $137,000 after purchasing an additional 9,282 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Network-1 Technologies during the second quarter worth approximately $37,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Network-1 Technologies during the second quarter worth approximately $25,000.
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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