Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Grows By 166.3%

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 41,774 shares, a growth of 166.3% from the July 30th total of 15,685 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 34,768 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Ratings Changes

A number of analysts recently weighed in on TOMZ shares. HC Wainwright reissued a “buy” rating and issued a $7.00 target price (up from $3.50) on shares of TOMI Environmental Solutions in a research note on Thursday, July 30th. Wall Street Zen raised TOMI Environmental Solutions to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings raised TOMI Environmental Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP raised its stake in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.77% of the company’s stock.

TOMI Environmental Solutions Stock Down 4.0%

Shares of TOMZ opened at $1.70 on Friday. The company has a market capitalization of $13.84 million, a P/E ratio of -3.40 and a beta of 1.93. TOMI Environmental Solutions has a one year low of $1.39 and a one year high of $3.42. The business’s 50 day simple moving average is $1.98 and its 200-day simple moving average is $2.07. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.49 and a quick ratio of 0.73.

TOMI Environmental Solutions (NASDAQ:TOMZ) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The firm had revenue of $2.25 million during the quarter, compared to analysts’ expectations of $1.84 million. TOMI Environmental Solutions had a negative return on equity of 326.81% and a negative net margin of 49.77%. As a group, sell-side analysts predict that TOMI Environmental Solutions will post -0.07 EPS 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.