Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Down 68.0% in February

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

Institutional Trading of Sono-Tek

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $84,000 after purchasing an additional 4,305 shares during the period. Susquehanna International Group LLP lifted 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 during the last quarter. HM Payson & Co. bought a new stake in Sono-Tek in the fourth quarter worth about $89,000. Renaissance Technologies LLC boosted its position in shares of Sono-Tek by 62.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after buying an additional 24,239 shares during the period. Finally, Bard Associates Inc. grew its stake 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 valued at $179,000 after buying an additional 2,838 shares during the last quarter. Hedge funds and other institutional investors own 47.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research cut 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Sono-Tek Stock Down 0.2%

Shares of Sono-Tek stock opened at $4.34 on Friday. Sono-Tek has a twelve month low of $3.23 and a twelve month high of $5.15. The business has a 50-day moving average price of $4.13 and a 200-day moving average price of $4.04. The firm has a market cap of $68.18 million, a price-to-earnings ratio of 43.40 and a beta of -0.32.

Sono-Tek (NASDAQ:SOTK) last announced 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 firm had revenue of $5.00 million for the quarter, compared to the consensus estimate of $5.25 million. On average, equities analysts expect that Sono-Tek will post 0.07 EPS for the current fiscal year.

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.