Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Short Interest Down 66.7% in April

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,000 shares, a decline of 66.7% from the March 31st total of 6,000 shares. Based on an average daily trading volume, of 13,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Network-1 Technologies

A hedge fund recently raised its stake in Network-1 Technologies stock. Clayton Partners LLC increased its holdings in shares of Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,435,200 shares of the company’s stock after acquiring an additional 31,168 shares during the quarter. Network-1 Technologies makes up about 2.5% of Clayton Partners LLC’s holdings, making the stock its 17th largest position. Clayton Partners LLC owned about 6.07% of Network-1 Technologies worth $3,129,000 at the end of the most recent quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

Network-1 Technologies Stock Up 3.2 %

Shares of NTIP stock traded up $0.06 during trading hours on Thursday, hitting $1.93. 57,422 shares of the company were exchanged, compared to its average volume of 12,434. Network-1 Technologies has a fifty-two week low of $1.76 and a fifty-two week high of $2.60.

Network-1 Technologies (NYSEAMERICAN:NTIP) last announced its quarterly earnings data on Friday, March 8th. The company reported $0.02 EPS for the quarter. The firm had revenue of $1.78 million during the quarter.

Network-1 Technologies Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 4.6%. Network-1 Technologies’s 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.