Sono-Tek Co. (NASDAQ:SOTK) Short Interest Update

Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 3,600 shares, a drop of 41.9% from the May 15th total of 6,200 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Sono-Tek

A number of large investors have recently bought and sold shares of SOTK. Northern Trust Corp increased its holdings in shares of Sono-Tek by 58.8% during the fourth quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock valued at $165,000 after acquiring an additional 15,212 shares in the last quarter. Bard Associates Inc. grew its position in Sono-Tek by 5.6% in the 4th quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock valued at $226,000 after purchasing an additional 3,006 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in Sono-Tek in the 4th quarter valued at $3,101,000. 47.89% of the stock is currently owned by institutional investors and hedge funds.

Sono-Tek Stock Performance

SOTK stock opened at $3.69 on Monday. The company has a market capitalization of $58.04 million, a P/E ratio of 52.71 and a beta of -0.05. The company has a fifty day moving average price of $3.81 and a 200-day moving average price of $3.92. Sono-Tek has a 52-week low of $3.50 and a 52-week high of $6.05.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last announced its earnings results on Wednesday, May 28th. The industrial products company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.07. Sono-Tek had a net margin of 5.47% and a return on equity of 6.55%. The business had revenue of $5.12 million during the quarter, compared to the consensus estimate of $5.12 million. During the same quarter last year, the firm earned $0.01 earnings per share. As a group, sell-side analysts forecast that Sono-Tek will post 0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SOTK shares. Northland Securities restated a "market perform" rating on shares of Sono-Tek in a research note on Thursday, May 29th. Northland Capmk cut Sono-Tek from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th.

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.

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