Sono-Tek Corporation (NASDAQ:SOTK) Sees Large Decrease in Short Interest

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

Sono-Tek Trading 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 stock has a market cap of $68.34 million, a P/E ratio of 43.50 and a beta of -0.32. The stock has a 50 day moving average of $4.12 and a 200-day moving average of $4.04.

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

Hedge Funds Weigh In On Sono-Tek

Large investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its stake in 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 worth $69,000 after purchasing an additional 3,389 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sono-Tek by 29.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 4,305 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Sono-Tek in the 4th quarter worth approximately $89,000. Bard Associates Inc. increased its holdings in shares of Sono-Tek by 7.0% in the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 2,838 shares during the last quarter. Finally, 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 valued at $260,000 after acquiring an additional 24,239 shares in the last quarter. Institutional investors own 47.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SOTK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sono-Tek in a research report on Monday, December 29th. Zacks Research downgraded 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, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Sono-Tek Company Profile

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.