TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Sees Significant Decrease in Short Interest
by Tristan Rich · The Markets DailyTOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 12,500 shares, a decrease of 18.2% from the December 31st total of 15,274 shares. Based on an average daily volume of 12,777 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 12,777 shares, the short-interest ratio is currently 1.0 days.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TOMI Environmental Solutions in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TOMI Environmental Solutions currently has a consensus rating of “Hold” and a consensus target price of $3.50.
Check Out Our Latest Stock Analysis on TOMI Environmental Solutions
TOMI Environmental Solutions Stock Performance
Shares of TOMZ stock opened at $0.74 on Tuesday. The business’s 50 day moving average is $0.78 and its two-hundred day moving average is $0.87. TOMI Environmental Solutions has a 12-month low of $0.63 and a 12-month high of $1.20. The company has a market capitalization of $14.89 million, a P/E ratio of -2.94 and a beta of 1.56. The company has a current ratio of 1.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.31.
TOMI Environmental Solutions (NASDAQ:TOMZ – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). TOMI Environmental Solutions had a negative return on equity of 91.39% and a negative net margin of 91.40%.The company had revenue of $2.01 million during the quarter, compared to analysts’ expectations of $2.74 million. Analysts expect that TOMI Environmental Solutions will post -0.05 EPS for the current fiscal year.
Hedge Funds Weigh In On TOMI Environmental Solutions
An institutional investor recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP grew its holdings in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Free Report) by 42.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,280 shares of the company’s stock after purchasing an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned about 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent SEC filing. Institutional investors own 4.77% of the company’s stock.
About TOMI Environmental Solutions
TOMI Environmental Solutions, Inc is a provider of infection prevention and control technologies, specializing in advanced decontamination and disinfection solutions. The company develops and manufactures a range of proprietary products, including electrostatic sprayers, thermal foggers, vaporized hydrogen peroxide systems and mobile decontamination chambers. These technologies are designed to deliver broad-spectrum pathogen kill and odor elimination in both occupied and unoccupied spaces.
In addition to its equipment offerings, TOMI provides chemical disinfectants and surface coatings formulated to meet regulatory standards for hospital‐grade efficacy.