BK Technologies Co. (NYSEAMERICAN:BKTI) Short Interest Update

BK Technologies Co. (NYSEAMERICAN:BKTI – Get Rating) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 13,000 shares, a drop of 40.6% from the March 15th total of 21,900 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

BKTI stock opened at $2.23 on Friday. BK Technologies has a twelve month low of $1.59 and a twelve month high of $5.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.68 and a current ratio of 3.07. The company has a market capitalization of $37.57 million, a PE ratio of -20.27 and a beta of 1.34.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, April 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.38%. BK Technologies’s dividend payout ratio is presently -109.09%.

Several hedge funds have recently bought and sold shares of the company. Platform Technology Partners purchased a new stake in shares of BK Technologies during the fourth quarter valued at approximately $64,000. BlackRock Inc. increased its position in shares of BK Technologies by 10.1% during the third quarter. BlackRock Inc. now owns 46,468 shares of the company’s stock valued at $131,000 after acquiring an additional 4,279 shares during the last quarter. Perritt Capital Management Inc. purchased a new stake in shares of BK Technologies during the third quarter valued at approximately $154,000. Dimensional Fund Advisors LP increased its position in shares of BK Technologies by 20.0% during the third quarter. Dimensional Fund Advisors LP now owns 224,362 shares of the company’s stock valued at $634,000 after acquiring an additional 37,390 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. increased its position in shares of BK Technologies by 71.0% during the third quarter. Uniplan Investment Counsel Inc. now owns 650,619 shares of the company’s stock valued at $1,838,000 after acquiring an additional 270,164 shares during the last quarter. Institutional investors own 28.32% of the company’s stock.

About BK Technologies (Get Rating)

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, designs, manufactures, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR), repeaters, base stations, and related components and subsystems under BK Technologies, BKR, BK Radio, and RELM brand names.

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