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

BK Technologies Co. (NYSEAMERICAN:BKTI) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 3,300 shares, an increase of 26.9% from the May 31st total of 2,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,400 shares, the short-interest ratio is currently 0.1 days.

BK Technologies Trading Down 2.1 %

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

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

Insider Transactions at BK Technologies

In related news, Director Joshua Horowitz purchased 8,169 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average price of $13.77 per share, with a total value of $112,487.13. Following the completion of the acquisition, the director now directly owns 80,809 shares in the company, valued at approximately $1,112,739.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders bought 13,605 shares of company stock valued at $186,272. Corporate insiders own 25.59% of the company’s stock.

Hedge Funds Weigh In On BK Technologies

An institutional investor recently bought a new position in BK Technologies stock. Morgan Dempsey Capital Management LLC purchased 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 purchased 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 filing with the Securities & Exchange Commission. 55.05% of the stock is currently owned by institutional investors.

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).