Sono-Tek Co. (NASDAQ:SOTK – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 4,000 shares, a growth of 90.5% from the June 15th total of 2,100 shares. Based on an average trading volume of 8,300 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Sono-Tek stock. Bard Associates Inc. boosted its stake in Sono-Tek Co. (NASDAQ:SOTK – Free Report) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,280 shares of the industrial products company’s stock after buying an additional 2,030 shares during the quarter. Bard Associates Inc. owned approximately 0.16% of Sono-Tek worth $137,000 at the end of the most recent reporting period. 47.89% of the stock is owned by institutional investors.
Sono-Tek Stock Up 4.4 %
NASDAQ:SOTK opened at $4.28 on Friday. Sono-Tek has a 52 week low of $3.62 and a 52 week high of $6.12. The stock has a market capitalization of $67.41 million, a PE ratio of 51.26 and a beta of -0.27. The stock’s 50-day moving average price is $4.40 and its 200-day moving average price is $4.88.
Sono-Tek Company Profile
Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment.
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