Short Interest in BK Technologies Co. (NYSEAMERICAN:BKTI) Rises By 205.7%

BK Technologies Co. (NYSEAMERICAN:BKTI) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 10,700 shares, an increase of 205.7% from the July 31st total of 3,500 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 30,800 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity at BK Technologies

In other BK Technologies news, Director Joshua Horowitz purchased 3,330 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were bought at an average price of $19.86 per share, for a total transaction of $66,133.80. Following the completion of the acquisition, the director now owns 90,000 shares in the company, valued at $1,787,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.59% of the stock is owned by company insiders.

Institutional Trading of BK Technologies

Several hedge funds have recently bought and sold shares of the business. Bard Associates Inc. increased its holdings in BK Technologies by 9.0% during the 4th quarter. Bard Associates Inc. now owns 138,617 shares of the company’s stock worth $1,695,000 after purchasing an additional 11,485 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of BK Technologies by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock valued at $692,000 after buying an additional 8,798 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in BK Technologies by 52.5% during the second quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock worth $1,815,000 after buying an additional 48,838 shares in the last quarter. Institutional investors and hedge funds own 55.05% of the company’s stock.

BK Technologies Price Performance

Shares of NYSEAMERICAN:BKTI traded up $0.06 during midday trading on Wednesday, reaching $21.49. The company’s stock had a trading volume of 23,367 shares, compared to its average volume of 25,021. BK Technologies has a fifty-two week low of $10.46 and a fifty-two week high of $22.05. The company has a market capitalization of $75.86 million, a price-to-earnings ratio of -235.75 and a beta of 1.17.

BK Technologies (NYSEAMERICAN:BKTI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.47 EPS for the quarter. BK Technologies had a negative net margin of 0.38% and a positive return on equity of 0.58%. The business had revenue of $20.25 million during the quarter.

About BK Technologies

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).