Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Increases By 391.5%

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 14,697 shares, an increase of 391.5% from the November 30th total of 2,990 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,053 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 14,053 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the shares of the stock are sold short.

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 shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the third quarter, according to the company in its most recent disclosure 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 period. Susquehanna International Group LLP owned approximately 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 4.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TOMZ. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TOMI Environmental Solutions in a research note on Wednesday, October 8th. Zacks Research raised shares of TOMI Environmental Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, TOMI Environmental Solutions has an average rating of “Hold” and a consensus price target of $3.50.

TOMI Environmental Solutions Stock Performance

TOMI Environmental Solutions stock opened at $0.79 on Thursday. The company has a market cap of $15.94 million, a PE ratio of -3.15 and a beta of 1.54. The company has a current ratio of 1.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.31. TOMI Environmental Solutions has a 1 year low of $0.63 and a 1 year high of $1.50. The company’s 50-day moving average is $0.83 and its two-hundred day moving average is $0.93.

TOMI Environmental Solutions (NASDAQ:TOMZ) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). TOMI Environmental Solutions had a negative return on equity of 91.39% and a negative net margin of 91.40%.The business had revenue of $2.01 million for the quarter, compared to the consensus estimate of $2.74 million. Equities analysts anticipate that TOMI Environmental Solutions will post -0.05 earnings per share 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.