TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Down 59.4% in March

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP increased its position in 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 firm owned 101,280 shares of the company’s stock after acquiring an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned about 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.

TOMI Environmental Solutions Stock Performance

Shares of TOMI Environmental Solutions stock opened at $0.67 on Thursday. The stock has a market cap of $13.55 million, a PE ratio of -2.68 and a beta of 1.58. TOMI Environmental Solutions has a 12 month low of $0.54 and a 12 month high of $1.20. The company has a quick ratio of 0.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.31. The business has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $0.81.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TOMI Environmental Solutions in a research note on Wednesday, January 21st. 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, the stock currently has an average rating of “Hold” and a consensus target price of $3.50.

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.