Sono-Tek Corporation (NASDAQ:SOTK) Sees Significant Decrease in Short Interest

Sono-Tek Corporation (NASDAQ:SOTK) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 12,104 shares, a drop of 15.2% from the January 15th total of 14,282 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 27,087 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 27,087 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Analysts Set New Price Targets

SOTK has been the subject of several analyst reports. Zacks Research lowered shares of Sono-Tek from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sono-Tek in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Trading of Sono-Tek

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Sono-Tek by 29.8% in the third quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 4,305 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Sono-Tek by 28.2% in the 3rd 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 period. HM Payson & Co. bought a new position in shares of Sono-Tek during the 4th quarter worth $89,000. Renaissance Technologies LLC increased its stake 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. raised its holdings in shares of Sono-Tek by 7.0% in the fourth quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 2,838 shares in the last quarter. Institutional investors own 47.89% of the company’s stock.

Sono-Tek Trading Down 0.2%

NASDAQ:SOTK opened at $4.10 on Monday. Sono-Tek has a twelve month low of $3.23 and a twelve month high of $5.15. The company has a market cap of $64.41 million, a price-to-earnings ratio of 41.00 and a beta of -0.32. The stock has a fifty day simple moving average of $4.06 and a 200-day simple moving average of $4.00.

Sono-Tek (NASDAQ:SOTK) last posted 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). The company had revenue of $5.00 million during the quarter, compared to the consensus estimate of $5.25 million. Sono-Tek had a return on equity of 8.54% and a net margin of 7.72%. As a group, equities research 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.