Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Increases By 755.7%

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 557,895 shares, an increase of 755.7% from the April 15th total of 65,195 shares. Based on an average daily volume of 2,336,181 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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 Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

TOMI Environmental Solutions Stock Up 3.3%

NASDAQ TOMZ traded up $0.03 during midday trading on Wednesday, hitting $0.81. 481,254 shares of the company traded hands, compared to its average volume of 563,733. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.09 and a quick ratio of 0.40. The company has a market cap of $17.49 million, a PE ratio of -3.84 and a beta of 1.77. The company’s 50-day simple moving average is $0.63 and its 200-day simple moving average is $0.73. 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 announced its earnings results on Friday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). TOMI Environmental Solutions had a negative return on equity of 315.96% and a negative net margin of 75.34%.The business had revenue of $1.65 million for the quarter, compared to analysts’ expectations of $1.69 million. As a group, equities research analysts forecast that TOMI Environmental Solutions will post -0.16 earnings per share for the current year.

Institutional Trading of TOMI Environmental Solutions

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP grew its holdings in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.50% of TOMI Environmental Solutions worth $104,000 at the end of the most recent quarter. Institutional investors and hedge funds own 4.77% of the company’s stock.

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.