Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Up 197.2% in January

Sono-Tek Corporation (NASDAQ:SOTK) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 14,282 shares, a growth of 197.2% from the December 31st total of 4,806 shares. Based on an average daily trading volume, of 32,504 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 32,504 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SOTK. Zacks Research lowered Sono-Tek from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Sono-Tek in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Sono-Tek

An institutional investor recently raised its position in Sono-Tek stock. Dimensional Fund Advisors LP increased its holdings in Sono-Tek Corporation (NASDAQ:SOTK) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,773 shares of the industrial products company’s stock after acquiring an additional 4,305 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of Sono-Tek worth $84,000 at the end of the most recent reporting period. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

Sono-Tek Trading Down 0.7%

Shares of Sono-Tek stock opened at $4.30 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 $67.55 million, a PE ratio of 43.00 and a beta of -0.30. The company’s 50-day moving average price is $3.98 and its two-hundred day moving average price is $3.94.

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

About Sono-Tek

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.