BK Technologies Co. (NYSEAMERICAN:BKTI) Sees Large Growth in Short Interest

BK Technologies Co. (NYSEAMERICAN:BKTI) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 13,000 shares, a growth of 52.9% from the September 30th total of 8,500 shares. Based on an average trading volume of 48,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Insider Activity

In other news, Director Joshua Horowitz acquired 3,330 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of $19.86 per share, for a total transaction of $66,133.80. Following the acquisition, the director now owns 90,000 shares of the company’s stock, valued at $1,787,400. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.48% of the company’s stock.

Institutional Investors Weigh In On BK Technologies

A hedge fund recently raised its stake in BK Technologies stock. Renaissance Technologies LLC lifted its holdings in BK Technologies Co. (NYSEAMERICAN:BKTI) by 52.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,816 shares of the company’s stock after buying an additional 48,838 shares during the quarter. Renaissance Technologies LLC owned 4.02% of BK Technologies worth $1,815,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 55.05% of the company’s stock.

BK Technologies Price Performance

Shares of BKTI stock opened at $27.40 on Tuesday. BK Technologies has a 52 week low of $11.06 and a 52 week high of $29.94. The company has a market capitalization of $97.00 million, a price-to-earnings ratio of 35.58 and a beta of 1.22.

BK Technologies (NYSEAMERICAN:BKTI) last released its earnings results on Thursday, August 8th. The company reported $0.47 EPS for the quarter. The firm had revenue of $20.25 million during the quarter. BK Technologies had a return on equity of 14.70% and a net margin of 3.64%.

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).