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

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw 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 days-to-cover ratio is presently 0.6 days. Currently, 1.3% of the company’s shares are short sold.

Institutional Trading of TOMI Environmental Solutions

An institutional investor recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP grew its holdings in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the third quarter, according to its most recent 13F filing with the SEC. 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 SEC. Institutional investors and hedge funds own 4.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TOMI Environmental Solutions in a research note on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

TOMI Environmental Solutions Trading Down 9.5%

TOMZ stock traded down $0.08 during trading on Friday, hitting $0.72. The company had a trading volume of 106,026 shares, compared to its average volume of 342,204. The business has a 50-day moving average of $0.74 and a 200-day moving average of $0.73. TOMI Environmental Solutions has a one year low of $0.50 and a one year high of $1.20. The stock has a market cap of $16.58 million, a PE ratio of -3.42 and a beta of 1.87. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 4.95.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced its earnings results on Friday, May 8th. The company reported ($0.04) 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. Research analysts predict 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.