Short Interest in Sono-Tek Corporation (NASDAQ:SOTK) Expands By 129.0%

Sono-Tek Corporation (NASDAQ:SOTK) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 24,424 shares, an increase of 129.0% from the June 30th total of 10,665 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 59,893 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Sono-Tek

A number of hedge funds and other institutional investors have recently modified their holdings of SOTK. Renaissance Technologies LLC grew its stake in shares of Sono-Tek by 41.6% during the first quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 26,161 shares during the period. HM Payson & Co. acquired a new position in Sono-Tek in the fourth quarter valued at about $89,000. Dimensional Fund Advisors LP boosted its holdings in 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 buying an additional 4,305 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in Sono-Tek by 28.2% during the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after buying an additional 3,389 shares during the last quarter. Finally, Bard Associates Inc. grew its position in shares of Sono-Tek by 7.0% during the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock worth $179,000 after buying an additional 2,838 shares during the period. Institutional investors and hedge funds own 47.89% of the company’s stock.

Analyst Upgrades and Downgrades

SOTK has been the topic of several recent analyst reports. Wall Street Zen raised Sono-Tek to a “strong-buy” rating in a report on Sunday, July 12th. Weiss Ratings raised 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Sono-Tek Trading Up 1.0%

NASDAQ SOTK traded up $0.05 on Wednesday, hitting $5.16. 37,100 shares of the company were exchanged, compared to its average volume of 35,474. Sono-Tek has a 1-year low of $3.23 and a 1-year high of $6.24. The firm has a 50 day moving average of $5.30 and a two-hundred day moving average of $4.62. The company has a market cap of $81.10 million, a P/E ratio of 39.70 and a beta of -0.05.

Sono-Tek (NASDAQ:SOTK) last posted its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. The firm had revenue of $5.66 million during the quarter, compared to analysts’ expectations of $5.60 million. During the same quarter last year, the company posted $0.03 EPS. Research analysts anticipate that Sono-Tek will post 0.11 EPS for the current fiscal year.

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.