Sono-Tek Corporation (NASDAQ:SOTK) Short Interest Up 132.1% in September

Key Points

• Sono-Tek Corporation's short interest surged by 132.1% in September, rising to 12,300 shares from 5,300 shares in August.
• As of the latest trading, Sono-Tek’s stock price remained stable at $4.49, with a market capitalization of $70.63 million.
• Analysts currently rate Sono-Tek stock as a "Reduce", with an average price target of $7.50.

Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 12,300 shares, an increase of 132.1% from the August 31st total of 5,300 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 15,200 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 15,200 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Sono-Tek Stock Performance

Shares of Sono-Tek stock remained flat at $4.49 during mid-day trading on Friday. 5,426 shares of the stock traded hands, compared to its average volume of 26,861. The firm's 50-day simple moving average is $3.67 and its 200-day simple moving average is $3.71. Sono-Tek has a twelve month low of $3.23 and a twelve month high of $6.05. The company has a market cap of $70.63 million, a price-to-earnings ratio of 49.89 and a beta of -0.21.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The industrial products company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $5.12 million during the quarter, compared to analysts' expectations of $5.24 million. Sono-Tek had a net margin of 6.93% and a return on equity of 8.10%. During the same quarter in the prior year, the company posted $0.02 EPS. On average, equities research analysts anticipate that Sono-Tek will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Sono-Tek in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sono-Tek currently has an average rating of "Reduce" and an average price target of $7.50.

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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