BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Up 93.3% in March

BK Technologies Co. (NYSEAMERICAN:BKTI) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,800 shares, an increase of 93.3% from the February 28th total of 3,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 25,000 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Lake Street Capital assumed coverage on shares of BK Technologies in a research note on Friday, February 14th. They set a “buy” rating and a $40.00 target price on the stock.

BK Technologies Price Performance

Shares of BKTI traded up $4.00 during trading hours on Friday, hitting $36.00. The stock had a trading volume of 126,309 shares, compared to its average volume of 32,720. BK Technologies has a 1-year low of $11.67 and a 1-year high of $38.70. The company has a market cap of $128.16 million, a PE ratio of 26.28 and a beta of 1.22.

Institutional Investors Weigh In On BK Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Ritholtz Wealth Management acquired a new position in shares of BK Technologies during the fourth quarter valued at about $488,000. JPMorgan Chase & Co. lifted its position in BK Technologies by 64,342.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock valued at $98,000 after acquiring an additional 4,504 shares in the last quarter. Geode Capital Management LLC boosted its stake in BK Technologies by 52.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock valued at $658,000 after purchasing an additional 10,431 shares during the last quarter. IFP Advisors Inc bought a new stake in BK Technologies during the 4th quarter worth approximately $99,000. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of BK Technologies in the fourth quarter worth approximately $314,000. Institutional investors and hedge funds own 55.05% of the company’s stock.

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).