BK Technologies Co. (NYSEAMERICAN:BKTI – Get 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
View Our Latest Report on BK Technologies
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).
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