Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Update
by Amy Steele · The Cerbat GemSono-Tek Corporation (NASDAQ:SOTK – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 4,806 shares, a growth of 27.9% from the December 15th total of 3,757 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 20,755 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 20,755 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on SOTK. 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 research note on Monday, December 29th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on SOTK
Sono-Tek Price Performance
Shares of NASDAQ:SOTK traded down $0.12 during mid-day trading on Monday, hitting $4.11. The company had a trading volume of 51,236 shares, compared to its average volume of 22,515. Sono-Tek has a one year low of $3.23 and a one year high of $5.15. The firm has a fifty day moving average price of $3.99 and a 200 day moving average price of $3.91. The company has a market capitalization of $64.57 million, a PE ratio of 41.10 and a beta of -0.30.
Sono-Tek (NASDAQ:SOTK – Get Free Report) last issued its earnings results on Tuesday, January 13th. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $5.25 million. Research analysts expect that Sono-Tek will post 0.07 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Christopher L. Coccio sold 12,320 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $4.78, for a total transaction of $58,889.60. Following the sale, the director owned 309,447 shares in the company, valued at approximately $1,479,156.66. This represents a 3.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Sono-Tek stock. Susquehanna International Group LLP boosted its stake in shares of Sono-Tek Corporation (NASDAQ:SOTK – Free Report) by 28.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,410 shares of the industrial products company’s stock after buying an additional 3,389 shares during the quarter. Susquehanna International Group LLP owned approximately 0.10% of Sono-Tek worth $69,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 47.89% of the company’s stock.
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.