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

Sono-Tek Corporation (NASDAQ:SOTK) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 12,300 shares, a growth of 132.1% from the August 31st total of 5,300 shares. Based on an average daily trading volume, of 15,200 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,200 shares, the short-interest ratio is currently 0.8 days.

Sono-Tek Price Performance

Shares of SOTK opened at $4.49 on Monday. The company has a market capitalization of $70.63 million, a price-to-earnings ratio of 49.89 and a beta of -0.21. Sono-Tek has a 52-week low of $3.23 and a 52-week high of $6.05. The stock has a 50 day moving average price of $3.67 and a 200 day moving average price of $3.71.

Sono-Tek (NASDAQ:SOTK) last announced its earnings results on Thursday, July 10th. The industrial products company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $5.12 million for the quarter, compared to analysts’ expectations of $5.24 million. Sono-Tek had a net margin of 6.93% and a return on equity of 8.10%. During the same period in the previous year, the company posted $0.02 EPS. On average, equities analysts anticipate that Sono-Tek will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Sono-Tek in a report on Saturday, September 27th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $7.50.

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.