Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Up 56.5% in February

Sono-Tek Corporation (NASDAQ:SOTK) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,069 shares, a growth of 56.5% from the February 12th total of 3,878 shares. Based on an average daily volume of 27,959 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 27,959 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Sono-Tek

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in Sono-Tek by 62.6% during the fourth 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 in the last quarter. HM Payson & Co. bought a new stake in shares of Sono-Tek during the 4th quarter valued at $89,000. Dimensional Fund Advisors LP grew its holdings in shares of Sono-Tek by 29.8% during the 3rd 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 in the last quarter. Susquehanna International Group LLP increased 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 worth $69,000 after purchasing an additional 3,389 shares during the period. Finally, Bard Associates Inc. increased 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 worth $179,000 after purchasing an additional 2,838 shares during the period. 47.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on SOTK. Weiss Ratings reiterated a “hold (c)” rating on shares of Sono-Tek in a report on Monday, December 29th. Truist Financial set a $8.50 price target on shares of Sono-Tek in a research note on Friday. Finally, Zacks Research cut shares of Sono-Tek from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Sono-Tek currently has a consensus rating of “Hold” and a consensus price target of $8.50.

Sono-Tek Trading Up 1.6%

SOTK stock traded up $0.07 during trading hours on Friday, hitting $4.21. 7,562 shares of the stock were exchanged, compared to its average volume of 30,177. The company has a 50-day simple moving average of $4.14 and a two-hundred day simple moving average of $4.10. The firm has a market capitalization of $66.06 million, a P/E ratio of 42.05 and a beta of -0.32. Sono-Tek has a 12 month low of $3.23 and a 12 month high of $5.15.

Sono-Tek (NASDAQ:SOTK) last released its quarterly 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 business had revenue of $5.00 million during the quarter, compared to analyst estimates of $5.25 million. On average, equities research analysts predict that Sono-Tek will post 0.07 earnings per share for the current year.

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.