Bk Technologies, Inc. (NYSEAMERICAN:BKTI) Short Interest Down 18.7% in December

Bk Technologies, Inc. (NYSEAMERICAN:BKTI) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 77,127 shares, a drop of 18.7% from the December 15th total of 94,882 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 38,112 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 38,112 shares, the short-interest ratio is currently 2.0 days. Currently, 2.4% of the company’s stock are short sold.

Bk Technologies Stock Up 0.3%

BKTI traded up $0.27 on Monday, reaching $86.86. The company had a trading volume of 33,989 shares, compared to its average volume of 41,018. Bk Technologies has a 1 year low of $26.20 and a 1 year high of $89.23. The stock has a market capitalization of $323.99 million, a PE ratio of 26.24 and a beta of 0.47. The stock has a 50-day moving average price of $72.74 and a 200-day moving average price of $66.02.

Bk Technologies (NYSEAMERICAN:BKTI) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.31. Bk Technologies had a return on equity of 40.39% and a net margin of 15.71%.The company had revenue of $24.41 million for the quarter, compared to analyst estimates of $22.10 million. Bk Technologies has set its FY 2025 guidance at 3.800-3.800 EPS.

Institutional Investors Weigh In On Bk Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Bk Technologies by 801.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,603 shares of the company’s stock valued at $980,000 after acquiring an additional 10,316 shares during the period. Quarry LP purchased a new position in shares of Bk Technologies in the 3rd quarter valued at approximately $27,000. Millennium Management LLC purchased a new position in shares of Bk Technologies in the 3rd quarter valued at approximately $1,243,000. Bank of America Corp DE increased its holdings in shares of Bk Technologies by 98.8% in the third quarter. Bank of America Corp DE now owns 2,630 shares of the company’s stock valued at $222,000 after purchasing an additional 1,307 shares during the period. Finally, Alliancebernstein L.P. purchased a new stake in shares of Bk Technologies during the third quarter worth approximately $265,000. Hedge funds and other institutional investors own 55.05% of the company’s stock.

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.