Short Interest in BK Technologies Co. (NYSEAMERICAN:BKTI) Rises By 93.3%

BK Technologies Co. (NYSEAMERICAN:BKTI) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 5,800 shares, a growth of 93.3% from the February 28th total of 3,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 25,000 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of BK Technologies by 3,882.6% during the fourth quarter. Bank of America Corp DE now owns 916 shares of the company’s stock valued at $31,000 after buying an additional 893 shares during the period. Lazard Asset Management LLC raised its position 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 buying an additional 1,494 shares during the last quarter. Barclays PLC bought a new position in BK Technologies during the fourth quarter valued at approximately $60,000. JPMorgan Chase & Co. boosted its stake in shares of BK Technologies by 64,342.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock worth $98,000 after buying an additional 4,504 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in BK Technologies in the fourth quarter worth about $99,000. Institutional investors own 55.05% of the company’s stock.

BK Technologies Stock Up 12.5 %

NYSEAMERICAN BKTI traded up $4.00 during trading on Friday, hitting $36.00. 126,309 shares of the company’s stock traded hands, compared to its average volume of 32,720. The company has a market cap of $128.16 million, a PE ratio of 26.28 and a beta of 1.22. BK Technologies has a 12-month low of $11.67 and a 12-month high of $38.70.

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).