Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Decreases By 44.6%

by · The Markets Daily

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 125,598 shares, a decline of 44.6% from the May 31st total of 226,850 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 339,607 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TOMI Environmental Solutions in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TOMI Environmental Solutions presently has an average rating of “Reduce”.

Get Our Latest Analysis on TOMZ

TOMI Environmental Solutions Stock Up 2.5%

Shares of NASDAQ TOMZ traded up $0.02 during trading hours on Wednesday, hitting $0.84. 87,901 shares of the stock were exchanged, compared to its average volume of 498,136. TOMI Environmental Solutions has a 12 month low of $0.50 and a 12 month high of $1.20. The firm has a fifty day moving average price of $0.78 and a 200-day moving average price of $0.73. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 4.95. The company has a market cap of $19.50 million, a PE ratio of -4.02 and a beta of 1.87.

TOMI Environmental Solutions (NASDAQ:TOMZ – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). TOMI Environmental Solutions had a negative return on equity of 315.96% and a negative net margin of 75.34%.The company had revenue of $1.65 million for the quarter, compared to analyst estimates of $1.69 million. On average, sell-side analysts expect that TOMI Environmental Solutions will post -0.16 EPS for the current 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 raised its position in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Free Report) by 42.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 101,280 shares of the company’s stock after purchasing an additional 30,361 shares during the period. Susquehanna International Group LLP owned 0.50% of TOMI Environmental Solutions worth $104,000 at the end of the most recent quarter. 4.77% of the stock is currently owned by institutional investors and hedge funds.

About TOMI Environmental Solutions

(Get Free Report)

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.

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