TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Up 72.8% in March

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 111,800 shares, an increase of 72.8% from the March 15th total of 64,700 shares. Based on an average trading volume of 94,200 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.9% of the company’s stock are sold short.

TOMI Environmental Solutions Price Performance

Shares of TOMZ opened at $0.76 on Friday. The company has a current ratio of 4.13, a quick ratio of 2.06 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $0.84 and its 200 day simple moving average is $0.86. TOMI Environmental Solutions has a 1-year low of $0.53 and a 1-year high of $1.50. The company has a market cap of $15.19 million, a price-to-earnings ratio of -5.84 and a beta of 1.01.

TOMI Environmental Solutions (NASDAQ:TOMZ) last released its quarterly earnings data on Monday, April 14th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). TOMI Environmental Solutions had a negative return on equity of 34.10% and a negative net margin of 31.29%. The firm had revenue of $1.07 million for the quarter, compared to analyst estimates of $3.45 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. On average, research analysts forecast that TOMI Environmental Solutions will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $3.50 price target on shares of TOMI Environmental Solutions in a research report on Tuesday.

TOMI Environmental Solutions Company Profile

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, engages in the provision of environmental solutions for indoor air and surface disinfection and decontamination in the United States and internationally. The company’s disinfection solutions include SteraPak portable disinfection systems, SteraMist select surface units, SteraMist environment systems, SteraMist total disinfection carts, SteraMist transport units, NV+ fogging disinfection and decontamination systems, SteraMist custom engineered systems, SteraMist Hybrid disinfection systems, SteraMist integrated systems, Stainless Steel 90-Degree applicators, SteraMist plasma decontamination chambers, and iHP Corporate Service Decontamination, which provides full room, equipment, facility, and emergency disinfection and decontamination services.