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

Sono-Tek Corporation (NASDAQ:SOTK) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 3,878 shares, a decline of 68.0% from the January 29th total of 12,104 shares. Based on an average daily volume of 28,355 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 28,355 shares, the short-interest ratio is presently 0.1 days.

Sono-Tek Stock Up 5.6%

Sono-Tek stock opened at $4.35 on Thursday. Sono-Tek has a 52-week low of $3.23 and a 52-week high of $5.15. The firm has a market capitalization of $68.34 million, a price-to-earnings ratio of 43.50 and a beta of -0.32. The firm has a 50-day moving average price of $4.12 and a two-hundred day moving average price of $4.04.

Sono-Tek (NASDAQ:SOTK) last released its quarterly earnings results 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 business 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%. Research analysts expect that Sono-Tek will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bard Associates Inc. raised its stake 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 purchasing an additional 2,838 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Sono-Tek by 62.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after buying an additional 24,239 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sono-Tek by 12.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock worth $88,000 after buying an additional 2,427 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Sono-Tek in the 4th quarter worth approximately $89,000. Finally, Susquehanna International Group LLP boosted its holdings 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 acquiring an additional 3,389 shares in the last quarter. 47.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Sono-Tek in a research report on Monday, December 29th. Zacks Research lowered shares of Sono-Tek from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company 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.