TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Down 44.6% in June

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 125,598 shares, a decline of 44.6% from the May 31st total of 226,850 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 339,607 shares, the short-interest ratio is presently 0.4 days.

TOMI Environmental Solutions Stock Performance

NASDAQ:TOMZ opened at $0.83 on Friday. The stock has a 50-day moving average price of $0.79 and a 200 day moving average price of $0.73. The stock has a market capitalization of $19.10 million, a P/E ratio of -3.94 and a beta of 1.88. TOMI Environmental Solutions has a 12-month low of $0.50 and a 12-month high of $1.20. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 4.95.

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TOMI Environmental Solutions (NASDAQ:TOMZ – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). TOMI Environmental Solutions had a negative return on equity of 315.96% and a negative net margin of 75.34%.The company had revenue of $1.65 million for the quarter, compared to analysts’ expectations of $1.69 million. Equities research analysts forecast that TOMI Environmental Solutions will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On TOMI Environmental Solutions

A hedge fund recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP raised its stake in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Free Report) by 42.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,280 shares of the company’s stock after acquiring an additional 30,361 shares during the period. Susquehanna International Group LLP owned approximately 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent SEC filing. 4.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on TOMZ

TOMI Environmental Solutions Company Profile

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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.

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