Sono-Tek Co. (NASDAQ:SOTK – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 2,000 shares, a decline of 50.0% from the August 15th total of 4,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Sono-Tek stock. Bard Associates Inc. increased its position in Sono-Tek Co. (NASDAQ:SOTK – Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,280 shares of the industrial products company’s stock after buying an additional 2,030 shares during the period. Bard Associates Inc. owned 0.16% of Sono-Tek worth $137,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 47.89% of the company’s stock.
Sono-Tek Stock Performance
Shares of NASDAQ:SOTK traded down $0.24 during trading on Friday, reaching $4.10. The company had a trading volume of 12,502 shares, compared to its average volume of 5,818. The firm’s fifty day moving average is $4.04 and its 200 day moving average is $4.37. The firm has a market capitalization of $64.58 million, a PE ratio of 41.00 and a beta of -0.28. Sono-Tek has a twelve month low of $3.50 and a twelve month high of $6.12.
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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