Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Declines By 39.3%

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 65,195 shares, a decrease of 39.3% from the March 31st total of 107,468 shares. Based on an average daily trading volume, of 36,722 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of TOMI Environmental Solutions in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

TOMI Environmental Solutions Price Performance

TOMI Environmental Solutions stock traded down $0.02 during mid-day trading on Tuesday, reaching $0.67. The company had a trading volume of 190,994 shares, compared to its average volume of 472,918. TOMI Environmental Solutions has a fifty-two week low of $0.50 and a fifty-two week high of $1.20. The company has a current ratio of 1.32, a quick ratio of 0.40 and a debt-to-equity ratio of 4.95. The company has a market cap of $13.82 million, a P/E ratio of -3.68 and a beta of 1.65. The business has a fifty day simple moving average of $0.63 and a 200 day simple moving average of $0.74.

TOMI Environmental Solutions (NASDAQ:TOMZ) last issued its earnings results on Tuesday, March 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). TOMI Environmental Solutions had a negative return on equity of 161.42% and a negative net margin of 66.53%.The firm had revenue of $1.02 million during the quarter, compared to analyst estimates of $2.31 million. On average, equities research analysts predict that TOMI Environmental Solutions will post -0.16 earnings per share 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 boosted its position in 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 & Exchange Commission. 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 owned by institutional investors and hedge funds.

TOMI Environmental Solutions Company Profile

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.