Bk Technologies, Inc. (NYSEAMERICAN:BKTI) Short Interest Update

Bk Technologies, Inc. (NYSEAMERICAN:BKTI) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 75,700 shares, a drop of 32.4% from the September 30th total of 112,000 shares. Based on an average trading volume of 62,500 shares, the short-interest ratio is currently 1.2 days. Approximately 2.8% of the company’s stock are sold short. Approximately 2.8% of the company’s stock are sold short. Based on an average trading volume of 62,500 shares, the short-interest ratio is currently 1.2 days.

Insider Activity at Bk Technologies

In related news, insider Branko Avanic sold 2,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $68.41, for a total transaction of $136,820.00. Following the sale, the insider directly owned 10,969 shares in the company, valued at $750,389.29. This trade represents a 15.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bk Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Uniplan Investment Counsel Inc. increased its stake in shares of Bk Technologies by 40.1% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 108,225 shares of the company’s stock worth $4,245,000 after purchasing an additional 30,998 shares during the last quarter. AIGH Capital Management LLC acquired a new position in shares of Bk Technologies during the 3rd quarter worth about $8,364,000. Geode Capital Management LLC increased its stake in shares of Bk Technologies by 107.8% during the 2nd quarter. Geode Capital Management LLC now owns 63,301 shares of the company’s stock worth $2,984,000 after purchasing an additional 32,844 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Bk Technologies by 4.5% during the 3rd quarter. Ritholtz Wealth Management now owns 38,003 shares of the company’s stock worth $3,210,000 after purchasing an additional 1,627 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Bk Technologies by 167.6% during the 2nd quarter. American Century Companies Inc. now owns 34,166 shares of the company’s stock worth $1,610,000 after purchasing an additional 21,397 shares during the last quarter. 55.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Lake Street Capital reiterated a “buy” rating on shares of Bk Technologies in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Bk Technologies currently has an average rating of “Buy” and an average price target of $74.00.

Bk Technologies Price Performance

BKTI stock traded down $0.71 during midday trading on Monday, hitting $74.00. The company’s stock had a trading volume of 38,319 shares, compared to its average volume of 50,488. Bk Technologies has a twelve month low of $26.20 and a twelve month high of $86.24. The company’s fifty day moving average price is $73.28 and its 200 day moving average price is $55.64. The stock has a market capitalization of $276.02 million, a P/E ratio of 24.10 and a beta of 0.43.

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).