Short Interest in BK Technologies Co. (NYSEAMERICAN:BKTI) Increases By 150.0%

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 8,500 shares, an increase of 150.0% from the September 15th total of 3,400 shares. Based on an average daily volume of 43,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

BK Technologies Price Performance

NYSEAMERICAN BKTI opened at $27.00 on Friday. BK Technologies has a fifty-two week low of $11.06 and a fifty-two week high of $27.50. The company has a market capitalization of $95.58 million, a price-to-earnings ratio of 35.07 and a beta of 1.22.

BK Technologies (NYSEAMERICAN:BKTI) last released its earnings results on Thursday, August 8th. The company reported $0.47 EPS for the quarter. The company had revenue of $20.25 million during the quarter. BK Technologies had a return on equity of 14.70% and a net margin of 3.64%.

Insider Activity at BK Technologies

In other BK Technologies news, Director Joshua Horowitz bought 3,330 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were acquired at an average cost of $19.86 per share, for a total transaction of $66,133.80. Following the purchase, the director now directly owns 90,000 shares of the company’s stock, valued at $1,787,400. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BK Technologies stock. Dimensional Fund Advisors LP boosted its stake in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 19.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,086 shares of the company’s stock after buying an additional 8,798 shares during the period. Dimensional Fund Advisors LP owned approximately 1.53% of BK Technologies worth $692,000 at the end of the most recent reporting period. 55.05% of the stock is owned by hedge funds and other institutional investors.

BK Technologies Company Profile

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).