Short Interest in Sono-Tek Corporation (NASDAQ:SOTK) Decreases By 26.6%

Sono-Tek Corporation (NASDAQ:SOTK) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 4,452 shares, a decrease of 26.6% from the February 26th total of 6,069 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 31,572 shares, the days-to-cover ratio is currently 0.1 days.

Sono-Tek Stock Performance

Shares of SOTK stock opened at $4.02 on Tuesday. The stock’s 50-day moving average is $4.13 and its two-hundred day moving average is $4.15. Sono-Tek has a 1 year low of $3.23 and a 1 year high of $5.15. The firm has a market cap of $63.15 million, a price-to-earnings ratio of 40.20 and a beta of -0.32.

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

Institutional Trading of Sono-Tek

Large investors have recently bought and sold shares of the business. Susquehanna International Group LLP raised its holdings 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 valued at $69,000 after buying an additional 3,389 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sono-Tek by 29.8% during the third quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock worth $84,000 after buying an additional 4,305 shares during the period. HM Payson & Co. purchased a new position in shares of Sono-Tek during the fourth quarter worth about $89,000. Bard Associates Inc. grew its holdings in shares of Sono-Tek by 7.0% during the fourth quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock worth $179,000 after buying an additional 2,838 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Sono-Tek by 62.6% in 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 during the period. Institutional investors and hedge funds own 47.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research downgraded shares of Sono-Tek from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sono-Tek in a research note on Friday. Finally, Truist Financial set a $8.50 target price on Sono-Tek in a report on Friday, March 13th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.50.

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.