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

Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 11,600 shares, a growth of 33.3% from the October 15th total of 8,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 10,100 shares, the short-interest ratio is currently 1.1 days.Sono-Tek Stock Up 0.5 %Sono-Tek’s $2M Buyback: A Buying Opportunity in Clean TechSOTK traded up $0.02 during trading on Friday, reaching $4.47. The company had a trading volume of 5,664 shares, compared to its average volume of 10,985. Sono-Tek has a 52 week low of $3.50 and a 52 week high of $6.12. The stock has a market cap of $70.39 million, a P/E ratio of 49.66 and a beta of -0.28. The business has a 50 day simple moving average of $4.25 and a 200-day simple moving average of $4.24. Sono-Tek (NASDAQ:SOTK - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The industrial products company reported $0.02 earnings per share (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 business had revenue of $5.16 million during the quarter, compared to the consensus estimate of $5.23 million. During the same quarter last year, the firm earned $0.03 earnings per share. As a group, equities research analysts expect that Sono-Tek will post 0.07 EPS for the current fiscal year. Institutional Trading of Sono-TekA hedge fund recently raised its stake in Sono-Tek stock. Bard Associates Inc. boosted its position in shares of Sono-Tek Co. (NASDAQ:SOTK - Free Report) by 29.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,425 shares of the industrial products company's stock after purchasing an additional 12,220 shares during the quarter. Bard Associates Inc. owned about 0.34% of Sono-Tek worth $215,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 47.89% of the company's stock. Analyst Upgrades and DowngradesSeparately, Northland Securities restated an "outperform" rating and issued a $10.00 price target on shares of Sono-Tek in a research report on Wednesday, October 16th.Read Our Latest Stock Report on Sono-TekAbout Sono-Tek (Get Free Report)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.Further ReadingFive stocks we like better than Sono-TekHow to Know if a Stock Pays Dividends and When They Are Paid OutORIC: Working with Two Pharma Giants, Analysts See +100% UpsideWhat Are Dividend Champions? How to Invest in the ChampionsFreeport-McMoRan, Copper Demand Short-Term Pain, Long-Term GainHigh Flyers: 3 Natural Gas Stocks for March 2022Time to Load Up on Home Builders?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ There is a little known company that is changing warfare (From Reticulate) (Ad)Should you invest $1,000 in Sono-Tek right now?Before you consider Sono-Tek, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sono-Tek wasn't on the list.While Sono-Tek currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here