TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Sees Large Increase in Short Interest

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 557,895 shares, a growth of 755.7% from the April 15th total of 65,195 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,336,181 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of TOMI Environmental Solutions

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP grew its holdings in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,280 shares of the company’s stock after acquiring an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned about 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 hedge funds and other institutional investors.

TOMI Environmental Solutions Stock Performance

NASDAQ TOMZ remained flat at $0.80 during trading hours on Tuesday. The company’s stock had a trading volume of 59,400 shares, compared to its average volume of 564,445. The company has a market capitalization of $16.45 million, a price-to-earnings ratio of -3.81 and a beta of 1.77. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.32 and a quick ratio of 0.40. The company’s 50 day moving average is $0.63 and its 200 day moving average is $0.73. TOMI Environmental Solutions has a fifty-two week low of $0.50 and a fifty-two week high of $1.20.

TOMI Environmental Solutions (NASDAQ:TOMZ) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The firm had revenue of $1.65 million during the quarter, compared to the consensus estimate of $1.69 million. TOMI Environmental Solutions had a negative return on equity of 236.97% and a negative net margin of 75.34%. On average, research analysts forecast that TOMI Environmental Solutions will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of TOMI Environmental Solutions in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

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.