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

BK Technologies Co. (NYSEAMERICAN:BKTIGet Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 47.4% from the February 13th total of 5,700 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 26,200 shares, the short-interest ratio is presently 0.1 days.

BK Technologies Trading Up 5.4 %

BKTI stock traded up $1.52 on Friday, hitting $29.53. The company had a trading volume of 13,396 shares, compared to its average volume of 32,669. The stock has a market capitalization of $105.13 million, a P/E ratio of 21.55 and a beta of 1.22. BK Technologies has a 12-month low of $11.67 and a 12-month high of $38.70.

Institutional Trading of BK Technologies

A number of hedge funds have recently bought and sold shares of BKTI. Bank of America Corp DE raised its position in BK Technologies by 3,882.6% in the fourth quarter. Bank of America Corp DE now owns 916 shares of the company’s stock worth $31,000 after acquiring an additional 893 shares during the period. Lazard Asset Management LLC raised its holdings in BK Technologies by 2,988.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,544 shares of the company’s stock worth $52,000 after purchasing an additional 1,494 shares during the period. Barclays PLC purchased a new position in BK Technologies during the fourth quarter valued at $60,000. JPMorgan Chase & Co. lifted its position in BK Technologies by 64,342.9% during the third quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock valued at $98,000 after purchasing an additional 4,504 shares in the last quarter. Finally, IFP Advisors Inc bought a new stake in BK Technologies during the fourth quarter valued at about $99,000. Hedge funds and other institutional investors own 55.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Lake Street Capital assumed coverage on BK Technologies in a research note on Friday, February 14th. They issued a “buy” rating and a $40.00 price target on the stock.

View Our Latest Report on BK Technologies

About BK Technologies

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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).

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