Short Interest in BK Technologies Co. (NYSEAMERICAN:BKTI) Rises By 1,036.8%

BK Technologies Co. (NYSEAMERICAN:BKTI - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 21,600 shares, a growth of 1,036.8% from the March 31st total of 1,900 shares. Based on an average daily trading volume, of 34,400 shares, the short-interest ratio is presently 0.6 days. Approximately 0.8% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price objective on BK Technologies from $40.00 to $51.00 and gave the company a "buy" rating in a research report on Monday, April 21st.

BK Technologies Stock Down 1.5 %

Shares of BKTI stock traded down $0.66 on Thursday, reaching $43.96. 18,107 shares of the company's stock were exchanged, compared to its average volume of 35,725. BK Technologies has a 52 week low of $11.67 and a 52 week high of $48.43. The company has a market cap of $156.50 million, a PE ratio of 32.09 and a beta of 1.22. The business has a fifty day moving average of $37.49.

Institutional Inflows and Outflows

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