BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Update

BK Technologies Co. (NYSEAMERICAN:BKTI) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 3,300 shares, an increase of 26.9% from the May 31st total of 2,600 shares. Based on an average trading volume of 29,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

BK Technologies Trading Down 2.1 %

Shares of BKTI stock opened at $12.53 on Tuesday. The company has a market cap of $44.23 million, a price-to-earnings ratio of -139.21 and a beta of 1.17. BK Technologies has a 12-month low of $8.79 and a 12-month high of $16.60.

BK Technologies (NYSEAMERICAN:BKTI) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $18.23 million for the quarter. BK Technologies had a positive return on equity of 0.58% and a negative net margin of 0.38%.

Insider Buying and Selling

In related news, Director Joshua Horowitz bought 8,169 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average cost of $13.77 per share, with a total value of $112,487.13. Following the completion of the acquisition, the director now directly owns 80,809 shares in the company, valued at $1,112,739.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 13,605 shares of company stock valued at $186,272 over the last ninety days. Company insiders own 25.59% of the company’s stock.

Hedge Funds Weigh In On BK Technologies

An institutional investor recently raised its position in BK Technologies stock. Bard Associates Inc. grew its position in BK Technologies Co. (NYSEAMERICAN:BKTI) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,617 shares of the company’s stock after acquiring an additional 11,485 shares during the quarter. Bard Associates Inc. owned about 4.01% of BK Technologies worth $1,695,000 as of its most recent SEC filing. Hedge funds and other 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).