Short Interest in Sono-Tek Corporation (NASDAQ:SOTK) Expands By 136.1%

Sono-Tek Corporation (NASDAQ:SOTK – Get Free Report) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 10,665 shares, a growth of 136.1% from the June 15th total of 4,517 shares. Based on an average trading volume of 43,560 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Sono-Tek Stock Down 2.4%

Shares of Sono-Tek stock traded down $0.14 on Thursday, hitting $5.50. The stock had a trading volume of 14,137 shares, compared to its average volume of 34,995. The stock has a market cap of $86.54 million, a price-to-earnings ratio of 42.35 and a beta of -0.05. Sono-Tek has a twelve month low of $3.23 and a twelve month high of $6.24. The business’s 50 day moving average is $5.23 and its two-hundred day moving average is $4.55.

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Sono-Tek (NASDAQ:SOTK – Get Free Report) last released its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Sono-Tek had a return on equity of 10.55% and a net margin of 9.62%.The business had revenue of $5.66 million during the quarter, compared to analysts’ expectations of $5.60 million. During the same period last year, the firm posted $0.03 EPS. As a group, equities analysts predict that Sono-Tek will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sono-Tek

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in Sono-Tek by 41.6% in the 1st quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock valued at $362,000 after purchasing an additional 26,161 shares during the period. HM Payson & Co. bought a new position in shares of Sono-Tek during the fourth quarter worth approximately $89,000. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 4,305 shares during the period. Susquehanna International Group LLP raised its position 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 in the last quarter. Finally, Bard Associates Inc. raised its position 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 buying an additional 2,838 shares in the last quarter. 47.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SOTK shares. Wall Street Zen upgraded Sono-Tek to a “strong-buy” rating in a research note on Sunday. Weiss Ratings upgraded shares of Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8.50.

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About Sono-Tek

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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.

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