Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Update

Key Points

• Short interest fell 49.7% to 10,512 shares as of August 14, representing approximately 0.1% of Sono-Tek’s outstanding stock and just 0.3 days of average trading volume.
• Sono-Tek’s CFO sold 8,346 shares for about $42,815, while insiders sold 13,000 shares worth $67,666 over the past 90 days. Institutional investors own 47.89% of the company.
• Shares opened at $4.89, compared with a 52-week range of $3.35 to $6.24. The company met quarterly EPS expectations at $0.05, slightly exceeded revenue estimates, and analysts assign the stock a “Moderate Buy” rating with an $8.50 consensus price target.

Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 10,512 shares, a decrease of 49.7% from the July 30th total of 20,889 shares. Based on an average daily trading volume, of 40,006 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company's stock are short sold.

Insider Buying and Selling at Sono-Tek

In related news, CFO Stephen James Bagley sold 8,346 shares of the firm's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $5.13, for a total value of $42,814.98. Following the sale, the chief financial officer owned 21,254 shares of the company's stock, valued at $109,033.02. This trade represents a 28.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 13,000 shares of company stock worth $67,666 in the last 90 days. 5.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Sono-Tek

Several hedge funds and other institutional investors have recently bought and sold shares of SOTK. Dimensional Fund Advisors LP raised 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 valued at $88,000 after buying an additional 2,427 shares in the last quarter. Bard Associates Inc. increased its holdings 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 acquiring an additional 2,838 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of Sono-Tek by 28.2% during the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 3,389 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Sono-Tek during the second quarter worth $73,000. Finally, HM Payson & Co. bought a new position in Sono-Tek during the fourth quarter worth $89,000. 47.89% of the stock is owned by institutional investors.

Sono-Tek Stock Down 2.8%

Shares of Sono-Tek stock opened at $4.89 on Friday. Sono-Tek has a 52 week low of $3.35 and a 52 week high of $6.24. The firm has a market capitalization of $76.87 million, a P/E ratio of 37.62 and a beta of -0.03. The firm's 50 day moving average is $5.31 and its two-hundred day moving average is $4.79.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on SOTK. Wall Street Zen raised shares of Sono-Tek to a "strong-buy" rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Sono-Tek from a "hold (c+)" rating to a "buy (b-)" rating in a research 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's stock. According to data from MarketBeat, Sono-Tek currently has an average rating of "Moderate Buy" and a consensus target price of $8.50.

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.

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