Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Rises By 166.3%

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 41,774 shares, an increase of 166.3% from the July 30th total of 15,685 shares. Based on an average daily volume of 34,768 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On TOMI Environmental Solutions

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP lifted its holdings in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the 3rd quarter, according to the company in 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 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. 4.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on TOMZ shares. HC Wainwright reissued a “buy” rating and issued a $7.00 price objective (up from $3.50) on shares of TOMI Environmental Solutions in a report on Thursday, July 30th. Weiss Ratings upgraded TOMI Environmental Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of TOMI Environmental Solutions to a “hold” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, TOMI Environmental Solutions has a consensus rating of “Hold” and an average price target of $7.00.

TOMI Environmental Solutions Price Performance

TOMZ stock traded down $0.07 during trading on Friday, hitting $1.70. The stock had a trading volume of 5,627 shares, compared to its average volume of 28,112. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.49 and a quick ratio of 0.73. TOMI Environmental Solutions has a twelve month low of $1.39 and a twelve month high of $3.42. The stock has a market capitalization of $13.84 million, a P/E ratio of -3.40 and a beta of 1.93. The company’s 50-day moving average price is $1.98 and its two-hundred day moving average price is $2.07.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced its earnings results on Friday, August 14th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. TOMI Environmental Solutions had a negative return on equity of 326.81% and a negative net margin of 49.77%.The business had revenue of $2.25 million during the quarter, compared to analysts’ expectations of $1.84 million. As a group, research analysts predict that TOMI Environmental Solutions will post -0.07 EPS for the current fiscal 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.