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

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

Wall Street Analyst Weigh In

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

Sono-Tek Stock Performance

NASDAQ:SOTK 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 firm has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $3.71. The stock has a market capitalization of $70.63 million, a PE ratio of 49.89 and a beta of -0.21.

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

Sono-Tek Company Profile

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.