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

Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 10,100 shares, a decline of 39.2% from the January 31st total of 16,600 shares. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Sono-Tek Price Performance

Sono-Tek stock traded down $0.02 during midday trading on Monday, reaching $3.68. The company had a trading volume of 2,703 shares, compared to its average volume of 9,452. Sono-Tek has a 12-month low of $3.50 and a 12-month high of $6.05. The firm's fifty day simple moving average is $3.96 and its 200-day simple moving average is $4.20. The company has a market capitalization of $57.96 million, a P/E ratio of 52.57 and a beta of -0.20.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last issued its quarterly earnings results on Monday, January 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. Sono-Tek had a return on equity of 6.55% and a net margin of 5.47%. On average, analysts expect that Sono-Tek will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Sono-Tek

Large investors have recently modified their holdings of the business. Bard Associates Inc. lifted its stake in shares of Sono-Tek by 5.6% in the fourth quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock worth $226,000 after buying an additional 3,006 shares in the last quarter. Geode Capital Management LLC raised its holdings in Sono-Tek by 11.5% in the 3rd quarter. Geode Capital Management LLC now owns 125,355 shares of the industrial products company's stock valued at $505,000 after acquiring an additional 12,900 shares during the last quarter. Northern Trust Corp lifted its stake in Sono-Tek by 58.8% in the 4th quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock worth $165,000 after purchasing an additional 15,212 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Sono-Tek during the 4th quarter worth approximately $3,101,000. Hedge funds and other institutional investors own 47.89% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Northland Securities restated an "outperform" rating and set a $7.50 price objective (down from $10.00) on shares of Sono-Tek in a research report on Tuesday, January 14th.

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.