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

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 3,500 shares, a growth of 9.4% from the July 15th total of 3,200 shares. Based on an average daily volume of 25,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of BK Technologies

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of BK Technologies by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock valued at $692,000 after purchasing an additional 8,798 shares during the last quarter. Bard Associates Inc. lifted its holdings in BK Technologies by 9.0% during the 4th quarter. Bard Associates Inc. now owns 138,617 shares of the company’s stock worth $1,695,000 after buying an additional 11,485 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in BK Technologies by 52.5% in the 2nd 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 during the last quarter. Institutional investors own 55.05% of the company’s stock.

BK Technologies Price Performance

NYSEAMERICAN:BKTI traded up $1.01 during trading hours on Friday, reaching $17.67. The company had a trading volume of 46,418 shares, compared to its average volume of 22,826. BK Technologies has a one year low of $8.95 and a one year high of $17.77. The stock has a market capitalization of $62.38 million, a price-to-earnings ratio of -196.31 and a beta of 1.17.

BK Technologies (NYSEAMERICAN:BKTI) last posted its earnings results on Thursday, August 8th. The company reported $0.47 earnings per share for the quarter. The business had revenue of $20.25 million for the quarter. BK Technologies had a negative net margin of 0.38% and a positive return on equity of 0.58%.

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).