Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Up 136.1% in June

Sono-Tek Corporation (NASDAQ:SOTK) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 10,665 shares, an increase of 136.1% from the June 15th total of 4,517 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 43,560 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Sono-Tek

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Sono-Tek by 12.9% during the 4th 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 period. Bard Associates Inc. boosted 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. Susquehanna International Group LLP boosted 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. HM Payson & Co. purchased a new stake in shares of Sono-Tek in the fourth quarter worth $89,000. Finally, Renaissance Technologies LLC raised its position in shares of Sono-Tek by 62.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 24,239 shares during the period. 47.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SOTK has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Sono-Tek to a “strong-buy” rating in a research report on Sunday. Weiss Ratings upgraded Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Sono-Tek Stock Up 4.9%

Shares of NASDAQ:SOTK traded up $0.26 on Wednesday, hitting $5.60. 58,840 shares of the company traded hands, compared to its average volume of 35,047. The stock has a 50 day simple moving average of $5.21 and a 200-day simple moving average of $4.54. The company has a market cap of $88.03 million, a PE ratio of 43.08 and a beta of -0.05. Sono-Tek has a 52 week low of $3.23 and a 52 week high of $6.24.

Sono-Tek (NASDAQ:SOTK) last announced its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. The company had revenue of $5.66 million during the quarter, compared to analyst estimates of $5.60 million. During the same period in the previous year, the business earned $0.03 EPS. As a group, sell-side analysts anticipate that Sono-Tek will post 0.11 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.