BK Technologies Co. (NYSEAMERICAN:BKTI – Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 47.4% from the February 13th total of 5,700 shares. Based on an average daily trading volume, of 26,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Separately, Lake Street Capital started coverage on shares of BK Technologies in a research report on Friday, February 14th. They issued a “buy” rating and a $40.00 price target for the company.
View Our Latest Research Report on BK Technologies
Institutional Inflows and Outflows
BK Technologies Price Performance
BKTI stock traded up $1.52 during midday trading on Friday, reaching $29.53. 13,396 shares of the company’s stock traded hands, compared to its average volume of 32,596. The stock has a market capitalization of $105.13 million, a price-to-earnings ratio of 21.55 and a beta of 1.22. BK Technologies has a 52 week low of $11.67 and a 52 week high of $38.70.
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).
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