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

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

Institutional Investors Weigh In On TOMI Environmental Solutions

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP boosted its stake in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,280 shares of the company’s stock after buying 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.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

TOMI Environmental Solutions Stock Performance

TOMZ stock remained flat at $0.80 during trading on Tuesday. The company had a trading volume of 59,400 shares, compared to its average volume of 564,445. The company has a debt-to-equity ratio of 4.95, a quick ratio of 0.40 and a current ratio of 1.32. TOMI Environmental Solutions has a 1-year low of $0.50 and a 1-year high of $1.20. The stock has a 50 day moving average price of $0.63 and a 200-day moving average price of $0.73. The firm has a market cap of $16.45 million, a PE ratio of -3.81 and a beta of 1.77.

TOMI Environmental Solutions (NASDAQ:TOMZ) last issued its earnings results on Friday, May 8th. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). TOMI Environmental Solutions had a negative return on equity of 236.97% 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. Research analysts forecast that TOMI Environmental Solutions will post -0.16 EPS for the current year.

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.