Short Interest in Sono-Tek Co. (NASDAQ:SOTK) Drops By 24.0%

Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 7,900 shares, a drop of 24.0% from the March 15th total of 10,400 shares. Based on an average daily trading volume, of 13,200 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

Insider Buying and Selling at Sono-Tek

In other Sono-Tek news, VP Robb William Engle sold 5,981 shares of the firm's stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $5.86, for a total value of $35,048.66. Following the sale, the vice president now owns 75,186 shares in the company, valued at $440,589.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Robb William Engle sold 5,981 shares of the firm's stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $5.86, for a total transaction of $35,048.66. Following the completion of the transaction, the vice president now owns 75,186 shares of the company's stock, valued at $440,589.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher L. Coccio sold 7,080 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.64, for a total transaction of $39,931.20. Following the transaction, the director now directly owns 328,999 shares of the company's stock, valued at approximately $1,855,554.36. The disclosure for this sale can be found here. Insiders have sold 31,969 shares of company stock worth $183,049 over the last quarter. Corporate insiders own 6.65% of the company's stock.

Institutional Trading of Sono-Tek

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Sono-Tek by 11.3% during the 3rd quarter. BlackRock Inc. now owns 17,459 shares of the industrial products company's stock worth $122,000 after acquiring an additional 1,769 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sono-Tek by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 298,798 shares of the industrial products company's stock valued at $1,616,000 after purchasing an additional 1,845 shares in the last quarter. Bard Associates Inc. boosted its position in Sono-Tek by 8.7% during the 4th quarter. Bard Associates Inc. now owns 25,280 shares of the industrial products company's stock valued at $137,000 after buying an additional 2,030 shares during the period. Dimensional Fund Advisors LP boosted its position in Sono-Tek by 35.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,725 shares of the industrial products company's stock valued at $117,000 after buying an additional 4,386 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in Sono-Tek during the 2nd quarter valued at $70,000. Institutional investors own 47.89% of the company's stock.

Sono-Tek Price Performance

Shares of NASDAQ SOTK traded up $0.07 during mid-day trading on Friday, reaching $4.47. 1,233 shares of the company's stock traded hands, compared to its average volume of 9,283. The stock has a market cap of $70.36 million, a P/E ratio of 63.86 and a beta of -0.26. The business has a 50-day simple moving average of $5.13 and a 200 day simple moving average of $5.21. Sono-Tek has a 1-year low of $4.20 and a 1-year high of $6.12.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. Sono-Tek had a net margin of 7.25% and a return on equity of 8.87%. The firm had revenue of $5.69 million during the quarter. Equities research analysts anticipate that Sono-Tek will post 0.08 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.