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

BK Technologies Co. (NYSEAMERICAN:BKTI - Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 6,400 shares, a decline of 41.3% from the December 31st total of 10,900 shares. Approximately 0.2% of the company's shares are short sold. Based on an average trading volume of 31,700 shares, the short-interest ratio is currently 0.2 days.

BK Technologies Stock Performance

Shares of NYSEAMERICAN:BKTI traded down $0.10 during trading on Tuesday, hitting $34.05. The company's stock had a trading volume of 19,173 shares, compared to its average volume of 28,281. BK Technologies has a fifty-two week low of $11.06 and a fifty-two week high of $38.70. The stock has a market cap of $121.22 million, a price-to-earnings ratio of 24.85 and a beta of 1.22.

Insiders Place Their Bets

In other BK Technologies news, Director Charles T. Lanktree sold 992 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 549 shares in the company, valued at $19,215. This represents a 64.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BK Technologies

Several hedge funds and other institutional investors have recently modified their holdings of BKTI. Renaissance Technologies LLC raised its holdings in shares of BK Technologies by 52.5% during the second quarter. Renaissance Technologies LLC now owns 141,816 shares of the company's stock valued at $1,815,000 after buying an additional 48,838 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of BK Technologies during the fourth quarter valued at approximately $488,000. Geode Capital Management LLC increased its holdings in shares of BK Technologies by 52.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company's stock valued at $658,000 after purchasing an additional 10,431 shares during the period. JPMorgan Chase & Co. lifted its position in 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BK Technologies by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company's stock valued at $692,000 after buying an additional 8,798 shares in the last quarter. Institutional investors own 55.05% of the company's stock.

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).