BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Up 31.3% in May

BK Technologies Co. (NYSEAMERICAN:BKTI - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 10,500 shares, a growth of 31.3% from the April 30th total of 8,000 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is currently 0.3 days.

BK Technologies Price Performance

Shares of NYSEAMERICAN:BKTI traded up $0.75 during trading on Thursday, reaching $43.75. The company had a trading volume of 15,496 shares, compared to its average volume of 33,463. The company has a fifty day moving average price of $43.38. The stock has a market cap of $155.75 million, a PE ratio of 31.93 and a beta of 1.22. BK Technologies has a 12 month low of $11.67 and a 12 month high of $48.43.

Institutional Trading of BK Technologies

Several hedge funds 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% in the first quarter. Uniplan Investment Counsel Inc. now owns 108,225 shares of the company's stock worth $4,245,000 after buying an additional 30,998 shares during the period. EAM Investors LLC purchased a new position in shares of BK Technologies in the fourth quarter valued at about $891,000. Marshall Wace LLP bought a new position in shares of BK Technologies during the fourth quarter valued at about $890,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of BK Technologies during the fourth quarter worth about $863,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of BK Technologies by 68.4% during the first quarter. Ritholtz Wealth Management now owns 23,973 shares of the company's stock worth $940,000 after purchasing an additional 9,741 shares during the period. 55.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their target price on shares of BK Technologies from $51.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th.

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).