BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Up 26.9% in June

BK Technologies Co. (NYSEAMERICAN:BKTI) was the recipient of a significant increase in short interest in the month of 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 company’s shares are sold short. Based on an average daily volume of 29,400 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity

In other BK Technologies news, Director Joshua Horowitz purchased 8,169 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of $13.77 per share, with a total value of $112,487.13. Following the completion of the purchase, the director now directly owns 80,809 shares of the company’s stock, valued at approximately $1,112,739.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders purchased 13,605 shares of company stock valued at $186,272. 25.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BK Technologies

An institutional investor recently raised its position in BK Technologies stock. Bard Associates Inc. boosted its position in BK Technologies Co. (NYSEAMERICAN:BKTI) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,617 shares of the company’s stock after purchasing an additional 11,485 shares during the period. Bard Associates Inc. owned about 4.01% of BK Technologies worth $1,695,000 as of its most recent SEC filing. Institutional investors and hedge funds own 55.05% of the company’s stock.

BK Technologies Stock Down 2.1 %

BKTI opened at $12.53 on Tuesday. The firm has a market capitalization of $44.23 million, a price-to-earnings ratio of -139.21 and a beta of 1.17. BK Technologies has a 12-month low of $8.79 and a 12-month high of $16.60.

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

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).