TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Sees Large Decline in Short Interest

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 226,850 shares, a decrease of 58.8% from the May 14th total of 551,170 shares. Based on an average daily trading volume, of 357,572 shares, the short-interest ratio is currently 0.6 days. Approximately 1.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TOMI Environmental Solutions in a report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TOMI Environmental Solutions currently has a consensus rating of “Reduce”.

TOMI Environmental Solutions Price Performance

Shares of NASDAQ TOMZ traded down $0.08 during midday trading on Friday, hitting $0.72. 106,026 shares of the company’s stock were exchanged, compared to its average volume of 342,204. TOMI Environmental Solutions has a 12-month low of $0.50 and a 12-month high of $1.20. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 4.95. The company has a market cap of $16.58 million, a price-to-earnings ratio of -3.42 and a beta of 1.87. The business’s fifty day moving average price is $0.74 and its two-hundred day moving average price is $0.73.

TOMI Environmental Solutions (NASDAQ:TOMZ) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.04) EPS for the quarter, hitting 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 company had revenue of $1.65 million during the quarter, compared to analyst estimates of $1.69 million. As a group, research analysts forecast that TOMI Environmental Solutions will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP lifted its holdings in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 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.