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

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 66,952 shares, a decrease of 46.7% from the June 15th total of 125,598 shares. Based on an average daily volume of 288,557 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

TOMI Environmental Solutions Stock Performance

TOMZ stock traded down $0.06 during midday trading on Thursday, hitting $0.69. The company’s stock had a trading volume of 434,588 shares, compared to its average volume of 469,931. The stock has a market cap of $15.82 million, a price-to-earnings ratio of -3.26 and a beta of 1.88. The stock’s 50-day moving average price is $0.82 and its 200 day moving average price is $0.73. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 4.95. TOMI Environmental Solutions has a 1 year low of $0.50 and a 1 year high of $1.20.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced 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 net margin of 75.34% and a negative return on equity of 315.96%. The business had revenue of $1.65 million for the quarter, compared to analyst estimates of $1.69 million. On average, equities analysts forecast that TOMI Environmental Solutions will post -0.16 EPS for the current year.

Institutional Investors Weigh In On TOMI Environmental Solutions

An institutional investor recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP grew its stake in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,280 shares of the company’s stock after buying 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. 4.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.