BK Technologies Co. (NYSEAMERICAN:BKTI) Sees Large Increase in Short Interest

BK Technologies Co. (NYSEAMERICAN:BKTI) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 3,300 shares, a growth 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 company’s stock are sold short.

BK Technologies Price Performance

NYSEAMERICAN BKTI opened at $12.53 on Tuesday. BK Technologies has a 1 year low of $8.79 and a 1 year high of $16.60. The firm has a market capitalization of $44.23 million, a PE ratio of -139.21 and a beta of 1.17.

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

Insider Buying and Selling at BK Technologies

In other BK Technologies news, Director Joshua Horowitz acquired 2,893 shares of the stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $13.23 per share, for a total transaction of $38,274.39. Following the completion of the acquisition, the director now owns 67,068 shares in the company, valued at approximately $887,309.64. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders bought 13,605 shares of company stock valued at $186,272. Company insiders own 25.59% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BK Technologies stock. Morgan Dempsey Capital Management LLC bought a new position in shares of BK Technologies Co. (NYSEAMERICAN:BKTI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,918 shares of the company’s stock, valued at approximately $85,000. Morgan Dempsey Capital Management LLC owned 0.20% of BK Technologies as of its most recent SEC filing. 55.05% of the stock is owned by institutional investors.

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).