Sono-Tek Co. (NASDAQ:SOTK) Short Interest Down 16.1% in March

Sono-Tek Co. (NASDAQ:SOTK) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 10,400 shares, a decrease of 16.1% from the February 29th total of 12,400 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 11,800 shares, the short-interest ratio is currently 0.9 days.

Sono-Tek Trading Down 0.2 %

Shares of Sono-Tek stock opened at $4.89 on Monday. The business has a 50-day moving average price of $5.34 and a two-hundred day moving average price of $5.26. Sono-Tek has a 1-year low of $4.39 and a 1-year high of $6.12. The company has a market cap of $76.97 million, a P/E ratio of 69.86 and a beta of -0.26.

Sono-Tek (NASDAQ:SOTK) last issued its earnings results on Tuesday, January 16th. The industrial products company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $5.69 million during the quarter. Sono-Tek had a return on equity of 8.87% and a net margin of 7.25%. Equities research analysts forecast that Sono-Tek will post 0.08 EPS for the current fiscal year.

Insider Activity at Sono-Tek

In related news, Director Christopher L. Coccio sold 7,080 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $5.64, for a total value of $39,931.20. Following the completion of the sale, the director now directly owns 328,999 shares in the company, valued at $1,855,554.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sono-Tek news, VP Robb William Engle sold 5,981 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $5.86, for a total transaction of $35,048.66. Following the completion of the sale, the vice president now directly owns 75,186 shares in the company, valued at approximately $440,589.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher L. Coccio sold 7,080 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $5.64, for a total value of $39,931.20. Following the sale, the director now owns 328,999 shares of the company’s stock, valued at $1,855,554.36. The disclosure for this sale can be found here. Insiders sold 31,969 shares of company stock worth $183,049 over the last three months. Company insiders own 6.65% of the company’s stock.

Hedge Funds Weigh In On Sono-Tek

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Sono-Tek by 85.1% in the 3rd quarter. Vanguard Group Inc. now owns 293,872 shares of the industrial products company’s stock valued at $2,063,000 after acquiring an additional 135,076 shares in the last quarter. Wynnefield Capital Inc. lifted its position in shares of Sono-Tek by 5,263.2% during the 2nd quarter. Wynnefield Capital Inc. now owns 50,950 shares of the industrial products company’s stock worth $275,000 after buying an additional 50,000 shares in the last quarter. Northern Trust Corp lifted its position in shares of Sono-Tek by 159.9% during the 4th quarter. Northern Trust Corp now owns 29,727 shares of the industrial products company’s stock worth $161,000 after buying an additional 18,288 shares in the last quarter. BlackRock Inc. lifted its position in shares of Sono-Tek by 11.3% during the 3rd quarter. BlackRock Inc. now owns 17,459 shares of the industrial products company’s stock worth $122,000 after buying an additional 1,769 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Sono-Tek by 35.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,725 shares of the industrial products company’s stock worth $117,000 after buying an additional 4,386 shares in the last quarter. Institutional investors own 47.89% of the company’s stock.

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.