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

BK Technologies Co. (NYSEAMERICAN:BKTI - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 21,600 shares, a growth of 1,036.8% from the March 31st total of 1,900 shares. Approximately 0.8% of the company's shares are short sold. Based on an average trading volume of 34,400 shares, the days-to-cover ratio is presently 0.6 days.

BK Technologies Stock Down 3.6 %

NYSEAMERICAN:BKTI traded down $1.61 on Friday, reaching $43.62. 20,529 shares of the company's stock were exchanged, compared to its average volume of 35,609. The firm has a market capitalization of $155.29 million, a PE ratio of 31.84 and a beta of 1.22. BK Technologies has a 52 week low of $11.67 and a 52 week high of $48.43.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital boosted their target price on shares of BK Technologies from $40.00 to $51.00 and gave the stock a "buy" rating in a research report on Monday, April 21st.

Institutional Investors Weigh In On BK Technologies

A number of institutional investors and hedge funds have recently modified their holdings of BKTI. Bank of America Corp DE raised its position in 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 purchasing an additional 893 shares in the last quarter. Lazard Asset Management LLC boosted its stake in BK Technologies by 2,988.0% in the fourth 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 in the last quarter. Barclays PLC bought a new position in BK Technologies during the fourth quarter valued at approximately $60,000. IFP Advisors Inc bought a new stake in shares of BK Technologies in the 4th quarter worth approximately $99,000. Finally, 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 valued at $98,000 after purchasing an additional 4,504 shares in the last quarter. 55.05% of the stock is owned by hedge funds and other institutional investors.

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).

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