BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Update

BK Technologies Co. (NYSEAMERICAN:BKTI - Get Free Report) was the target of a large growth in short interest in 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. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BK Technologies

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in BK Technologies by 3,882.6% in the fourth quarter. Bank of America Corp DE now owns 916 shares of the company's stock worth $31,000 after buying an additional 893 shares during the period. Lazard Asset Management LLC increased its holdings in shares of BK Technologies by 2,988.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,544 shares of the company's stock valued at $52,000 after purchasing an additional 1,494 shares during the period. Barclays PLC acquired a new position in shares of BK Technologies during the fourth quarter valued at $60,000. IFP Advisors Inc acquired a new position in shares of BK Technologies during the fourth quarter valued at $99,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of BK Technologies by 64,342.9% during the third quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company's stock valued at $98,000 after purchasing an additional 4,504 shares during the period. 55.05% of the stock is owned by institutional investors and hedge funds.

BK Technologies Trading Up 1.8%

Shares of BK Technologies stock traded up $0.78 on Friday, hitting $44.53. 23,734 shares of the company's stock traded hands, compared to its average volume of 33,591. The business's 50-day simple moving average is $43.58. BK Technologies has a 52-week low of $11.67 and a 52-week high of $48.43. The firm has a market capitalization of $158.53 million, a PE ratio of 32.50 and a beta of 1.22.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their target price on shares of BK Technologies from $51.00 to $55.00 and gave the company a "buy" rating in a 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).