Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Down 15.2% in January

Sono-Tek Corporation (NASDAQ:SOTK) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 12,104 shares, a decline of 15.2% from the January 15th total of 14,282 shares. Based on an average daily volume of 27,087 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 27,087 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Sono-Tek

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in shares of Sono-Tek by 62.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after buying an additional 24,239 shares during the last quarter. HM Payson & Co. purchased a new position in Sono-Tek in the fourth quarter worth about $89,000. Dimensional Fund Advisors LP increased its stake in Sono-Tek by 12.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 2,427 shares during the last quarter. Susquehanna International Group LLP raised its position 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 valued at $69,000 after purchasing an additional 3,389 shares during the period. Finally, Bard Associates Inc. lifted its stake in shares of Sono-Tek by 7.0% in the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 2,838 shares during the last quarter. Institutional investors own 47.89% of the company’s stock.

Sono-Tek Trading Down 0.2%

NASDAQ:SOTK opened at $4.10 on Monday. The business’s 50-day moving average is $4.06 and its 200 day moving average is $4.00. Sono-Tek has a 12 month low of $3.23 and a 12 month high of $5.15. The company has a market capitalization of $64.41 million, a P/E ratio of 41.00 and a beta of -0.32.

Sono-Tek (NASDAQ:SOTK) last released its quarterly earnings data on Tuesday, January 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $5.00 million during the quarter, compared to the consensus estimate of $5.25 million. Sono-Tek had a return on equity of 8.54% and a net margin of 7.72%. On average, research analysts forecast that Sono-Tek will post 0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SOTK has been the topic of a number of analyst reports. Zacks Research cut shares of Sono-Tek from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Sono-Tek in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Sono-Tek Company Profile

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.