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

BK Technologies Co. (NYSEAMERICAN:BKTI - Get Free Report) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decrease of 47.4% from the February 13th total of 5,700 shares. Based on an average daily volume of 26,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital assumed coverage on shares of BK Technologies in a report on Friday, February 14th. They issued a "buy" rating and a $40.00 price objective on the stock.

BK Technologies Stock Performance

NYSEAMERICAN BKTI traded up $1.33 during trading hours on Monday, hitting $30.86. 20,527 shares of the company traded hands, compared to its average volume of 32,621. The stock has a market capitalization of $109.86 million, a PE ratio of 22.53 and a beta of 1.22. BK Technologies has a twelve month low of $11.67 and a twelve month high of $38.70.

Institutional Trading of BK Technologies

Several institutional investors and hedge funds have recently bought and sold shares of BKTI. Bard Associates Inc. lifted its holdings in BK Technologies by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 143,448 shares of the company's stock worth $3,123,000 after purchasing an additional 871 shares during the last quarter. Geode Capital Management LLC lifted 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. EAM Investors LLC bought a new stake in shares of BK Technologies in the fourth quarter valued at about $891,000. Marshall Wace LLP acquired a new position in shares of BK Technologies in the fourth quarter valued at about $890,000. Finally, O Shaughnessy Asset Management LLC bought a new position in BK Technologies during the fourth quarter worth about $863,000. Institutional investors own 55.05% of the company's stock.

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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).