Short Interest in Sono-Tek Co. (NASDAQ:SOTK) Increases By 50.0%

Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 8,700 shares, an increase of 50.0% from the September 30th total of 5,800 shares. Based on an average daily volume of 10,800 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company's shares are short sold.

Analysts Set New Price Targets

Separately, Northland Securities reiterated an "outperform" rating and issued a $10.00 price objective on shares of Sono-Tek in a research report on Wednesday, October 16th.

Sono-Tek Trading Down 0.4 %

SOTK traded down $0.02 on Monday, hitting $4.47. The company had a trading volume of 2,184 shares, compared to its average volume of 11,373. The company's fifty day moving average price is $4.19 and its 200 day moving average price is $4.23. Sono-Tek has a 1 year low of $3.50 and a 1 year high of $6.12. The firm has a market cap of $70.40 million, a P/E ratio of 49.67 and a beta of -0.28.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The industrial products company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Sono-Tek had a net margin of 7.36% and a return on equity of 9.20%. The firm had revenue of $5.16 million for the quarter, compared to analyst estimates of $5.23 million. During the same period in the prior year, the business posted $0.03 EPS. On average, analysts predict that Sono-Tek will post 0.07 earnings per share for the current year.

About Sono-Tek

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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