BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Down 51.7% in February

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a large 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. Based on an average daily trading volume, of 28,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

BK Technologies Stock Up 1.0 %

BK Technologies stock traded up $0.31 during midday trading on Friday, hitting $30.50. The company’s stock had a trading volume of 14,740 shares, compared to its average volume of 25,183. BK Technologies has a 1-year low of $11.15 and a 1-year high of $38.70. The stock has a market capitalization of $108.58 million, a price-to-earnings ratio of 22.26 and a beta of 1.22.

Analyst Upgrades and Downgrades

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

Insider Transactions at BK Technologies

In other news, Director Charles T. Lanktree sold 992 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 owns 549 shares in the company, valued at approximately $19,215. This trade represents a 64.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 9.48% of the stock is currently owned by corporate insiders.

Institutional Trading of BK Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bard Associates Inc. increased its holdings in BK Technologies by 0.6% in the 3rd quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock valued at $3,123,000 after buying an additional 871 shares during the period. Bank of America Corp DE increased its holdings in BK Technologies by 3,882.6% in the 4th 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. JPMorgan Chase & Co. increased its holdings in BK Technologies by 30.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,891 shares of the company’s stock valued at $202,000 after buying an additional 1,380 shares during the period. Lazard Asset Management LLC increased its holdings 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 valued at $52,000 after buying an additional 1,494 shares during the period. Finally, Barclays PLC bought a new position in BK Technologies in the 4th quarter valued at about $60,000. Institutional investors and hedge funds 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).