Sono-Tek Co. (NASDAQ:SOTK) Short Interest Up 185.4% in December

Sono-Tek Co. (NASDAQ:SOTK) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 13,700 shares, a growth of 185.4% from the December 15th total of 4,800 shares. Based on an average daily volume of 18,000 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Northland Securities reissued an “outperform” rating and issued a $7.50 price objective (down from $10.00) on shares of Sono-Tek in a research note on Tuesday.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sono-Tek stock. Geode Capital Management LLC boosted its stake in Sono-Tek Co. (NASDAQ:SOTK) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,355 shares of the industrial products company’s stock after acquiring an additional 12,900 shares during the period. Geode Capital Management LLC owned 0.80% of Sono-Tek worth $505,000 as of its most recent filing with the SEC. 47.89% of the stock is owned by institutional investors.

Sono-Tek Stock Down 1.0 %

NASDAQ SOTK traded down $0.04 on Thursday, reaching $3.87. The company had a trading volume of 4,206 shares, compared to its average volume of 17,751. The company’s fifty day moving average is $4.40 and its 200 day moving average is $4.22. Sono-Tek has a 52-week low of $3.50 and a 52-week high of $6.12. The stock has a market capitalization of $60.95 million, a P/E ratio of 43.00 and a beta of -0.20.

Sono-Tek (NASDAQ:SOTK) last announced its earnings results on Monday, January 13th. The industrial products company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Sono-Tek had a net margin of 7.36% and a return on equity of 9.20%. On average, research analysts expect that Sono-Tek will post 0.07 EPS for the current year.

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.