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

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

Wall Street Analysts Forecast Growth

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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On TOMI Environmental Solutions

An institutional investor recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP grew its position in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. 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 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.77% of the company’s stock.

TOMI Environmental Solutions Stock Performance

Shares of TOMZ opened at $0.61 on Monday. The firm has a 50-day moving average price of $0.63 and a 200 day moving average price of $0.75. The firm has a market capitalization of $12.50 million, a PE ratio of -3.38 and a beta of 1.65. The company has a quick ratio of 0.40, a current ratio of 1.32 and a debt-to-equity ratio of 4.95. TOMI Environmental Solutions has a 52-week low of $0.50 and a 52-week high of $1.20.

TOMI Environmental Solutions (NASDAQ:TOMZ) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). TOMI Environmental Solutions had a negative net margin of 66.53% and a negative return on equity of 161.42%. The firm had revenue of $1.02 million for the quarter, compared to analyst estimates of $2.31 million. On average, sell-side analysts anticipate that TOMI Environmental Solutions will post -0.16 earnings per share for the current fiscal year.

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.