Sono-Tek Corporation (NASDAQ:SOTK) Sees Significant Increase in Short Interest

Sono-Tek Corporation (NASDAQ:SOTK) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 14,282 shares, an increase of 197.2% from the December 31st total of 4,806 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 32,504 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 32,504 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Sono-Tek Price Performance

SOTK opened at $4.11 on Friday. Sono-Tek has a 1 year low of $3.23 and a 1 year high of $5.15. The stock has a 50-day moving average price of $3.99 and a 200-day moving average price of $3.94. The firm has a market cap of $64.57 million, a PE ratio of 41.10 and a beta of -0.30.

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

Institutional Investors Weigh In On Sono-Tek

A hedge fund recently raised its stake in Sono-Tek stock. Dimensional Fund Advisors LP boosted its holdings in Sono-Tek Corporation (NASDAQ:SOTK) by 29.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,773 shares of the industrial products company’s stock after buying an additional 4,305 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Sono-Tek worth $84,000 at the end of the most recent quarter. Institutional investors and hedge funds own 47.89% of the company’s stock.

Analysts Set New Price Targets

SOTK has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Sono-Tek in a research report on Monday, December 29th. Zacks Research cut shares of Sono-Tek from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Sono-Tek presently has a consensus rating of “Hold”.

About Sono-Tek

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.