TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Down 58.8% in May

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

TOMI Environmental Solutions Stock Performance

NASDAQ TOMZ opened at $0.79 on Friday. The company has a debt-to-equity ratio of 4.95, a quick ratio of 0.40 and a current ratio of 1.09. The stock’s fifty day moving average is $0.74 and its two-hundred day moving average is $0.73. The firm has a market capitalization of $18.18 million, a P/E ratio of -3.75 and a beta of 1.87. TOMI Environmental Solutions has a fifty-two week low of $0.50 and a fifty-two week high of $1.20.

TOMI Environmental Solutions (NASDAQ:TOMZ) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $1.65 million for the quarter, compared to analyst estimates of $1.69 million. TOMI Environmental Solutions had a negative return on equity of 315.96% and a negative net margin of 75.34%. On average, research analysts anticipate that TOMI Environmental Solutions will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP boosted 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 Form 13F filing with the Securities & Exchange Commission. The fund owned 101,280 shares of the company’s stock after acquiring an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned about 0.50% of TOMI Environmental Solutions worth $104,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 4.77% of the company’s stock.

Analysts Set New Price Targets

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