Sono-Tek Corporation (NASDAQ:SOTK) Stock Short Interest Report for September

Sono-Tek Corporation (NASDAQ:SOTK) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 37,185 shares, a drop of 42.6% from the September 15th total of 64,730 shares. Based on an average daily trading volume, of 122,169 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Sono-Tek Stock Down 1.2%

NASDAQ SOTK traded down $0.07 on Thursday, reaching $6.12. The company had a trading volume of 84,398 shares, compared to its average volume of 49,506. The stock’s 50 day moving average is $5.34 and its 200-day moving average is $5.09. The stock has a market cap of $96.28 million, a price-to-earnings ratio of 47.12 and a beta of 0.07. Sono-Tek has a 52 week low of $3.40 and a 52 week high of $7.48.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings data on Wednesday, October 14th. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $5.23 million for the quarter, compared to analyst estimates of $5.54 million. Sono-Tek had a return on equity of 10.55% and a net margin of 9.62%. As a group, analysts forecast that Sono-Tek will post 0.10 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on SOTK. Wall Street Zen raised shares of Sono-Tek to a “strong-buy” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Sono-Tek from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Insider Buying and Selling

In related news, CFO Stephen Bagley sold 8,346 shares of Sono-Tek stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $5.13, for a total value of $42,814.98. Following the sale, the chief financial officer directly owned 21,254 shares in the company, valued at $109,033.02. The trade was a 28.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 13,000 shares of company stock worth $67,666. 5.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Sono-Tek

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Sono-Tek by 41.6% in the 1st quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock worth $362,000 after acquiring an additional 26,161 shares in the last quarter. Bard Associates Inc. bought a new position in shares of Sono-Tek in the second quarter valued at approximately $349,000. BlackRock Inc. purchased a new position in shares of Sono-Tek during the 2nd quarter valued at $179,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Sono-Tek in the 2nd quarter worth about $73,000. Institutional investors and hedge funds own 47.89% of the company’s stock.

Key Headlines Impacting Sono-Tek

Here are the key news stories impacting Sono-Tek this week:

• Positive Sentiment: First-half revenue increased 6% to $10.9 million, while operating income rose 41% and gross margin expanded to 55%. Medical-market sales surged 289% in the first half, reaching $7.05 million, reflecting strong demand for higher-value production systems. Sono-Tek fiscal second-quarter and first-half results
• Positive Sentiment: Sono-Tek ended the quarter with $17.7 million in cash, cash equivalents and marketable securities and no debt. Its equipment and service backlog was $9.51 million, followed by approximately $7.19 million of additional orders expected to ship in fiscal 2028, improving longer-term revenue visibility. Sono-Tek Q2 revenue and backlog update
• Positive Sentiment: Management outlined a facility expansion designed to raise manufacturing capacity to approximately $33 million-$36 million, with a longer-term target of $44 million-$45 million. The plan could allow Sono-Tek to pursue larger orders if demand continues to build. Sono-Tek facility expansion plan
• Neutral Sentiment: The company maintained its fiscal 2027 outlook for flat to modest revenue growth, citing the timing of several large orders. This limits near-term upside expectations but preserves the potential for stronger fiscal 2028 performance.
• Negative Sentiment: Second-quarter EPS was $0.02 versus consensus estimates of roughly $0.04-$0.05, while revenue of $5.23 million fell short of the $5.54 million estimate. Net income declined year over year despite a 1% increase in sales, likely disappointing investors focused on near-term earnings execution. Sono-Tek misses Q2 earnings and revenue estimates

About Sono-Tek

Sono-Tek Corporation develops and manufactures ultrasonic coating and precision liquid-deposition systems. Its technology uses high-frequency sound waves to atomize liquids into a controlled spray, enabling uniform application of coatings, adhesives, lubricants, and other materials while minimizing overspray and material waste.

The company’s products include ultrasonic spray nozzles, integrated coating systems, and customized solutions designed for automated manufacturing processes. Sono-Tek also provides application development, process optimization, installation, training, and technical support to help customers integrate its equipment into production lines.

Sono-Tek’s systems are used across a range of industries, including medical devices, electronics, semiconductor and advanced technology manufacturing, alternative energy, glass, textiles, and other industrial applications.