BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Update

BK Technologies Co. (NYSEAMERICAN:BKTI) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 13,000 shares, an increase of 52.9% from the September 30th total of 8,500 shares. Based on an average daily volume of 48,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

BK Technologies Stock Performance

BK Technologies stock traded down $0.28 during midday trading on Friday, reaching $26.23. The stock had a trading volume of 10,306 shares, compared to its average volume of 28,515. BK Technologies has a 12 month low of $11.06 and a 12 month high of $29.94. The stock has a market capitalization of $92.85 million, a P/E ratio of 34.07 and a beta of 1.22.

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

Insiders Place Their Bets

In related news, Director Joshua Horowitz bought 1,704 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $16.82 per share, for a total transaction of $28,661.28. Following the transaction, the director now directly owns 86,670 shares of the company’s stock, valued at approximately $1,457,789.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BK Technologies

An institutional investor recently raised its position in BK Technologies stock. Renaissance Technologies LLC grew its stake in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) by 52.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,816 shares of the company’s stock after buying an additional 48,838 shares during the period. Renaissance Technologies LLC owned 4.02% of BK Technologies worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 55.05% of the company’s stock.

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).