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

Sono-Tek Corporation (NASDAQ:SOTK) saw a large growth in short interest in the month of 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 32,504 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 32,504 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Sono-Tek Price Performance

Shares of SOTK opened at $4.30 on Thursday. The company’s fifty day moving average price is $3.98 and its 200 day moving average price is $3.94. The company has a market capitalization of $67.55 million, a PE ratio of 43.00 and a beta of -0.30. Sono-Tek has a one year low of $3.23 and a one year high of $5.15.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SOTK shares. Zacks Research downgraded shares of Sono-Tek from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sono-Tek in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Sono-Tek

An institutional investor recently raised its position in Sono-Tek stock. Dimensional Fund Advisors LP grew its stake in shares of Sono-Tek Corporation (NASDAQ:SOTK) by 29.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,773 shares of the industrial products company’s stock after buying an additional 4,305 shares during the period. Dimensional Fund Advisors LP owned approximately 0.12% of Sono-Tek worth $84,000 as of its most recent filing with the SEC. 47.89% of the stock is owned by institutional investors and hedge funds.

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.