Short Interest in Bk Technologies, Inc. (NYSEAMERICAN:BKTI) Increases By 31.7%

Bk Technologies, Inc. (NYSEAMERICAN:BKTI) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 86,873 shares, an increase of 31.7% from the January 29th total of 65,948 shares. Based on an average trading volume of 32,576 shares, the short-interest ratio is presently 2.7 days. Approximately 2.7% of the shares of the stock are short sold. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 32,576 shares, the short-interest ratio is presently 2.7 days.

Bk Technologies Stock Performance

Shares of BKTI traded up $2.66 during mid-day trading on Wednesday, hitting $89.00. 35,616 shares of the company’s stock were exchanged, compared to its average volume of 31,505. The company has a market cap of $331.97 million, a price-to-earnings ratio of 26.89 and a beta of 0.45. The stock’s 50-day moving average is $81.15 and its 200-day moving average is $74.99. Bk Technologies has a fifty-two week low of $26.33 and a fifty-two week high of $89.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Bk Technologies during the 2nd quarter valued at about $25,000. BNP Paribas Financial Markets purchased a new position in Bk Technologies during the second quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Bk Technologies in the 3rd quarter valued at $27,000. AlphaQuest LLC purchased a new stake in shares of Bk Technologies during the 3rd quarter valued at $28,000. Finally, Bank of America Corp DE increased its holdings in shares of Bk Technologies by 3,882.6% during the 4th 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 last quarter. 55.05% of the stock is currently owned by hedge funds and other institutional investors.

Bk Technologies Company Profile

BK Technologies Corporation is a designer and manufacturer of professional two-way radio communications equipment and systems. The company’s product portfolio includes portable radios, mobile radios, repeater and dispatch consoles, antennas and related accessories. BK Technologies serves a broad range of end markets that require reliable voice and data communications, including public safety agencies, government entities, utilities, transportation, oil and gas, mining and commercial applications.

BK Technologies offers both analog and digital radio platforms, supporting industry standards such as Project 25 (P25) for mission-critical communications.