Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Decreases By 46.7%

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the recipient of 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 currently 0.2 days. Approximately 0.4% of the shares of the company are sold short.

TOMI Environmental Solutions Price Performance

Shares of TOMZ traded up $0.03 during mid-day trading on Wednesday, hitting $0.77. 24,301 shares of the stock were exchanged, compared to its average volume of 470,056. TOMI Environmental Solutions has a 52-week low of $0.50 and a 52-week high of $1.20. 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 firm has a 50-day moving average of $0.82 and a two-hundred day moving average of $0.73. The company has a market cap of $17.67 million, a PE ratio of -3.64 and a beta of 1.88.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced its earnings results on Friday, May 8th. The company reported ($0.04) earnings per share for the quarter, meeting 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 the consensus estimate of $1.69 million. On average, equities analysts predict that TOMI Environmental Solutions will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Institutional Inflows and Outflows

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 the company in its most recent disclosure with the SEC. 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 reporting period. Hedge funds and other institutional investors 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.