Short Interest in BK Technologies Co. (NYSEAMERICAN:BKTI) Declines By 47.4%

BK Technologies Co. (NYSEAMERICAN:BKTI) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decrease 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 stock are short sold.

Analysts Set New Price Targets

Separately, Lake Street Capital assumed coverage on shares of BK Technologies in a report on Friday, February 14th. They set a “buy” rating and a $40.00 price target on the stock.

BK Technologies Trading Up 5.4 %

BKTI stock traded up $1.52 on Friday, hitting $29.53. The company had a trading volume of 13,396 shares, compared to its average volume of 32,596. BK Technologies has a 12-month low of $11.67 and a 12-month high of $38.70. The stock has a market capitalization of $105.13 million, a P/E ratio of 21.55 and a beta of 1.22.

Institutional Investors Weigh In On BK Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bard Associates Inc. boosted its holdings in BK Technologies by 0.6% in the third quarter. Bard Associates Inc. now owns 143,448 shares of the company’s stock worth $3,123,000 after purchasing an additional 871 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 purchasing an additional 893 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in BK Technologies by 30.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,891 shares of the company’s stock worth $202,000 after purchasing an additional 1,380 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in BK Technologies by 2,988.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,544 shares of the company’s stock worth $52,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Barclays PLC purchased a new stake in BK Technologies in the fourth quarter worth approximately $60,000. Hedge funds and other institutional investors own 55.05% of the company’s stock.

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).