BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Up 93.3% in March

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 5,800 shares, a growth of 93.3% from the February 28th total of 3,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,000 shares, the short-interest ratio is currently 0.2 days.

BK Technologies Price Performance

NYSEAMERICAN:BKTI traded up $4.00 during mid-day trading on Friday, reaching $36.00. The company’s stock had a trading volume of 126,309 shares, compared to its average volume of 32,720. The firm has a market cap of $128.16 million, a PE ratio of 26.28 and a beta of 1.22. BK Technologies has a 1 year low of $11.67 and a 1 year high of $38.70.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On BK Technologies

Several institutional investors have recently added to or reduced their stakes in BKTI. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 10,431 shares during the period. JPMorgan Chase & Co. grew its stake 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 worth $98,000 after purchasing an additional 4,504 shares during the period. Ritholtz Wealth Management acquired a new stake in BK Technologies during the fourth quarter valued at $488,000. IFP Advisors Inc purchased a new position in BK Technologies in the fourth quarter valued at $99,000. Finally, American Century Companies Inc. acquired a new position in shares of BK Technologies in the fourth quarter worth about $306,000. Institutional investors and hedge funds 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).