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

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

Insider Activity at BK Technologies

In related news, Director Joshua Horowitz purchased 3,330 shares of BK Technologies stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $19.86 per share, for a total transaction of $66,133.80. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at approximately $1,787,400. This represents a 3.84 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.48% of the stock is owned by company insiders.

Institutional Trading of BK Technologies

Several hedge funds have recently modified their holdings of the stock. Bard Associates Inc. grew its stake in BK Technologies by 0.6% in the third quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock valued at $3,123,000 after acquiring an additional 871 shares during the period. Renaissance Technologies LLC increased its stake in BK Technologies by 52.5% during the 2nd quarter. Renaissance Technologies LLC now owns 141,816 shares of the company’s stock valued at $1,815,000 after purchasing an additional 48,838 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BK Technologies by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 54,086 shares of the company’s stock worth $692,000 after buying an additional 8,798 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of BK Technologies by 52.7% in the third quarter. Geode Capital Management LLC now owns 30,224 shares of the company’s stock valued at $658,000 after buying an additional 10,431 shares in the last quarter. Institutional investors own 55.05% of the company’s stock.

BK Technologies Stock Performance

Shares of BK Technologies stock opened at $31.69 on Friday. The stock has a market cap of $112.18 million, a P/E ratio of 41.16 and a beta of 1.18. BK Technologies has a one year low of $11.06 and a one year 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).