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

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 5,700 shares, a drop of 51.7% from the January 31st total of 11,800 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 28,400 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on BK Technologies in a research report on Friday, February 14th. They issued a “buy” rating and a $40.00 price objective for the company.

Insider Activity

In related news, Director Charles T. Lanktree sold 992 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $35.00, for a total transaction of $34,720.00. Following the completion of the transaction, the director now directly owns 549 shares of the company’s stock, valued at approximately $19,215. This represents a 64.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BKTI. EAM Investors LLC bought a new position in shares of BK Technologies in the fourth quarter worth about $891,000. Marshall Wace LLP bought a new position in BK Technologies in the 4th quarter valued at approximately $890,000. O Shaughnessy Asset Management LLC acquired a new stake in BK Technologies in the fourth quarter valued at approximately $863,000. Ritholtz Wealth Management bought a new stake in shares of BK Technologies during the fourth quarter worth $488,000. Finally, Geode Capital Management LLC increased its holdings in shares of BK Technologies by 52.7% during the third quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock worth $658,000 after buying an additional 10,431 shares in the last quarter. 55.05% of the stock is owned by institutional investors.

BK Technologies Stock Up 1.0 %

Shares of NYSEAMERICAN:BKTI traded up $0.31 on Friday, reaching $30.50. 14,740 shares of the company’s stock were exchanged, compared to its average volume of 25,183. BK Technologies has a twelve month low of $11.15 and a twelve month high of $38.70. The firm has a market cap of $108.58 million, a PE ratio of 22.26 and a beta of 1.22.

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).