BK Technologies Inc (NYSEAMERICAN:BKTI) Sees Significant Drop in Short Interest

BK Technologies Inc (NYSEAMERICAN:BKTI) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 12,000 shares, a decrease of 7.7% from the January 15th total of 13,000 shares. Based on an average trading volume of 8,100 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.1% of the company’s shares are sold short.

A hedge fund recently raised its stake in BK Technologies stock. BlackRock Inc. grew its position in BK Technologies Inc (NYSEAMERICAN:BKTI) by 13.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,152 shares of the company’s stock after buying an additional 4,860 shares during the quarter. BlackRock Inc. owned 0.32% of BK Technologies worth $177,000 at the end of the most recent reporting period.

Shares of BK Technologies stock opened at $2.74 on Friday. BK Technologies has a 52 week low of $2.55 and a 52 week high of $4.47.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, January 2nd.

About BK Technologies

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

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