TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Update

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 117,492 shares, a drop of 59.4% from the February 26th total of 289,426 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 53,462 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On TOMI Environmental Solutions

An institutional investor recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP lifted its position in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. Institutional investors own 4.77% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of TOMI Environmental Solutions in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.50.

TOMI Environmental Solutions Price Performance

NASDAQ:TOMZ opened at $0.60 on Friday. The stock has a 50-day simple moving average of $0.69 and a 200 day simple moving average of $0.80. TOMI Environmental Solutions has a 52-week low of $0.54 and a 52-week high of $1.20. The company has a market cap of $12.14 million, a PE ratio of -2.40 and a beta of 1.58. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.66 and a current ratio of 1.98.

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.