Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Update

Sono-Tek Corporation (NASDAQ:SOTK) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 4,452 shares, a decrease of 26.6% from the February 26th total of 6,069 shares. Based on an average trading volume of 31,572 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Sono-Tek Stock Performance

NASDAQ:SOTK traded up $0.06 during mid-day trading on Friday, hitting $4.10. The stock had a trading volume of 11,290 shares, compared to its average volume of 30,195. Sono-Tek has a twelve month low of $3.23 and a twelve month high of $5.15. The stock has a market cap of $64.40 million, a price-to-earnings ratio of 41.00 and a beta of -0.32. The company’s 50 day simple moving average is $4.13 and its 200 day simple moving average is $4.15.

Sono-Tek (NASDAQ:SOTK) last released its quarterly earnings results on Tuesday, January 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sono-Tek had a net margin of 7.72% and a return on equity of 8.54%. The firm had revenue of $5.00 million during the quarter, compared to the consensus estimate of $5.25 million. As a group, equities analysts forecast that Sono-Tek will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Sono-Tek

Several institutional investors and hedge funds have recently made changes to their positions in SOTK. Dimensional Fund Advisors LP lifted its holdings in shares of Sono-Tek by 29.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 4,305 shares in the last quarter. Susquehanna International Group LLP lifted its stake in shares of Sono-Tek by 28.2% in the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock valued at $69,000 after buying an additional 3,389 shares in the last quarter. HM Payson & Co. bought a new position in shares of Sono-Tek in the fourth quarter valued at $89,000. Renaissance Technologies LLC grew its holdings in shares of Sono-Tek by 62.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after buying an additional 24,239 shares during the last quarter. Finally, Bard Associates Inc. grew its holdings in shares of Sono-Tek by 7.0% during the fourth quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock valued at $179,000 after buying an additional 2,838 shares during the last quarter. Institutional investors own 47.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Sono-Tek in a report on Monday, December 29th. Truist Financial set a $8.50 target price on shares of Sono-Tek in a research note on Friday, March 13th. Finally, Zacks Research cut Sono-Tek from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.50.

Sono-Tek Company Profile

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company’s core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company’s product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.