BK Technologies Co. (NYSEAMERICAN:BKTI) Sees Significant Decline in Short Interest

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 6,400 shares, a decrease of 41.3% from the December 31st total of 10,900 shares. Based on an average daily volume of 31,700 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

BK Technologies Trading Down 0.1 %

Shares of BKTI traded down $0.03 during mid-day trading on Friday, reaching $33.46. 23,317 shares of the company’s stock traded hands, compared to its average volume of 26,664. BK Technologies has a 12 month low of $11.06 and a 12 month high of $38.70. The stock has a market cap of $119.12 million, a PE ratio of 21.79 and a beta of 1.23.

Insiders Place Their Bets

In related news, Director Charles T. Lanktree sold 992 shares of BK Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $35.00, for a total value of $34,720.00. Following the sale, the director now directly owns 549 shares in the company, valued at $19,215. This trade represents a 64.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management bought a new stake in BK Technologies during the fourth quarter worth approximately $488,000. JPMorgan Chase & Co. increased its position in shares of BK Technologies by 64,342.9% during 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 during the period. Geode Capital Management LLC raised its stake 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 worth $658,000 after buying an additional 10,431 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of BK Technologies by 0.6% in the third 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. Finally, Renaissance Technologies LLC boosted its stake in 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 in the last quarter. Institutional investors own 55.05% of the company’s stock.

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).