TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Get Free Report) was the target of 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. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 357,572 shares, the days-to-cover ratio is presently 0.6 days.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TOMI Environmental Solutions in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.
Check Out Our Latest Stock Analysis on TOMI Environmental Solutions
TOMI Environmental Solutions Stock Performance
TOMI Environmental Solutions (NASDAQ:TOMZ – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). TOMI Environmental Solutions had a negative return on equity of 315.96% and a negative net margin of 75.34%.The business had revenue of $1.65 million during the quarter, compared to the consensus estimate of $1.69 million. Analysts expect that TOMI Environmental Solutions will post -0.16 EPS for the current fiscal year.
Institutional Trading of TOMI Environmental Solutions
A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP increased its position in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ – Free Report) by 42.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,280 shares of the company’s stock after purchasing an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned approximately 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.77% of the company’s stock.
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.
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