Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Update

Sono-Tek Corporation (NASDAQ:SOTK) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 12,300 shares, an increase of 132.1% from the August 31st total of 5,300 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is currently 0.8 days.

Sono-Tek Stock Performance

Sono-Tek stock opened at $4.49 on Friday. Sono-Tek has a 1 year low of $3.23 and a 1 year high of $6.05. The company has a market cap of $70.63 million, a PE ratio of 49.89 and a beta of -0.21. The company’s 50-day moving average is $3.67 and its two-hundred day moving average is $3.71.

Sono-Tek (NASDAQ:SOTK) last released its earnings results on Thursday, July 10th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $5.12 million for the quarter, compared to the consensus estimate of $5.24 million. Sono-Tek had a net margin of 6.93% and a return on equity of 8.10%. During the same period in the prior year, the company posted $0.02 EPS. Research analysts forecast that Sono-Tek will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sono-Tek in a report on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $7.50.

About Sono-Tek

Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment.