Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Drops By 44.4%

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 12,728 shares, a drop of 44.4% from the January 29th total of 22,876 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 18,592 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 18,592 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of TOMI Environmental Solutions in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.50.

Hedge Funds Weigh In On TOMI Environmental Solutions

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP grew its stake in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,280 shares of the company’s stock after purchasing an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned approximately 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent SEC filing. 4.77% of the stock is owned by hedge funds and other institutional investors.

TOMI Environmental Solutions Stock Up 7.8%

Shares of TOMZ opened at $0.69 on Friday. The firm has a market cap of $13.96 million, a P/E ratio of -2.76 and a beta of 1.57. TOMI Environmental Solutions has a 12 month low of $0.54 and a 12 month high of $1.20. The stock’s 50 day moving average is $0.75 and its two-hundred day moving average is $0.84. The company has a current ratio of 1.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.31.

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.