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

Sono-Tek Corporation (NASDAQ:SOTK) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 6,069 shares, an increase of 56.5% from the February 12th total of 3,878 shares. Based on an average daily trading volume, of 27,959 shares, the days-to-cover ratio is presently 0.2 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 trading volume, of 27,959 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Sono-Tek

A number of hedge funds have recently made changes to their positions in SOTK. Susquehanna International Group LLP increased its stake 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 worth $69,000 after buying an additional 3,389 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sono-Tek by 29.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 4,305 shares during the last quarter. HM Payson & Co. acquired a new position in Sono-Tek during the 4th quarter worth $89,000. Bard Associates Inc. increased its position 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 worth $179,000 after purchasing an additional 2,838 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Sono-Tek by 62.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 24,239 shares during the last quarter. Institutional investors and hedge funds own 47.89% of the company’s stock.

Sono-Tek Stock Performance

Shares of NASDAQ SOTK traded up $0.05 during midday trading on Friday, reaching $4.19. 9,715 shares of the company’s stock were exchanged, compared to its average volume of 29,466. Sono-Tek has a 52-week low of $3.23 and a 52-week high of $5.15. The business’s fifty day moving average price is $4.15 and its two-hundred day moving average price is $4.11. The stock has a market capitalization of $65.81 million, a PE ratio of 41.90 and a beta of -0.32.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings reissued 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. Finally, Truist Financial set a $8.50 target price on shares of Sono-Tek in a research report on Friday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.50.

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.