Short Interest in BK Technologies Inc (NYSEAMERICAN:BKTI) Declines By 10.6%
BK Technologies Inc (NYSEAMERICAN:BKTI) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totalling 48,900 shares, a decline of 10.6% from the May 30th total of 54,700 shares. Based on an average daily volume of 5,200 shares, the short-interest ratio is presently 9.4 days. Approximately 0.5% of the company’s shares are sold short.
A hedge fund recently bought a new stake in BK Technologies stock. Douglass Winthrop Advisors LLC acquired a new position in BK Technologies Inc (NYSEAMERICAN:BKTI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,400 shares of the company’s stock, valued at approximately $122,000. Douglass Winthrop Advisors LLC owned approximately 0.22% of BK Technologies at the end of the most recent quarter.
BK Technologies stock opened at $4.14 on Friday. BK Technologies has a 12 month low of $3.00 and a 12 month high of $4.82.
The business also recently declared a dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 28th.
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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