BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Down 23.1% in October

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 10,000 shares, a decrease of 23.1% from the October 15th total of 13,000 shares. Based on an average daily trading volume, of 44,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s shares are sold short.

Insider Buying and Selling at BK Technologies

In related news, Director Joshua Horowitz bought 3,330 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $19.86 per share, for a total transaction of $66,133.80. Following the acquisition, the director now directly owns 90,000 shares in the company, valued at $1,787,400. This represents a 3.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.48% of the stock is owned by company insiders.

Institutional Trading of BK Technologies

Large investors have recently added to or reduced their stakes in the stock. Bard Associates Inc. grew its holdings in shares of BK Technologies by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock worth $3,123,000 after purchasing an additional 871 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of BK Technologies by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock worth $692,000 after purchasing an additional 8,798 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of BK Technologies by 52.5% during the 2nd quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock worth $1,815,000 after purchasing an additional 48,838 shares during the period. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

BK Technologies Price Performance

Shares of NYSEAMERICAN:BKTI opened at $31.63 on Friday. The firm has a market capitalization of $111.97 million, a price-to-earnings ratio of 41.08 and a beta of 1.18. BK Technologies has a 52-week low of $11.06 and a 52-week high of $33.45.

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).