TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Sees Large Increase in Short Interest

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 10,400 shares, a growth of 126.1% from the March 31st total of 4,600 shares. Based on an average daily trading volume, of 19,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On TOMI Environmental Solutions

An institutional investor recently bought a new position in TOMI Environmental Solutions stock. Choreo LLC bought a new position in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 48,751 shares of the company’s stock, valued at approximately $49,000. Choreo LLC owned 0.24% of TOMI Environmental Solutions at the end of the most recent quarter. 4.77% of the stock is owned by institutional investors.

TOMI Environmental Solutions Price Performance

Shares of NASDAQ TOMZ opened at $0.61 on Friday. The company has a quick ratio of 2.59, a current ratio of 4.84 and a debt-to-equity ratio of 0.27. TOMI Environmental Solutions has a 1-year low of $0.46 and a 1-year high of $1.39. The company has a fifty day moving average price of $0.69 and a 200 day moving average price of $0.85.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced its earnings results on Monday, April 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $1.53 million during the quarter, compared to analyst estimates of $2.86 million. TOMI Environmental Solutions had a negative return on equity of 35.18% and a negative net margin of 46.28%. As a group, equities analysts expect that TOMI Environmental Solutions will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $3.50 price target on shares of TOMI Environmental Solutions in a report on Wednesday, April 3rd.

TOMI Environmental Solutions Company Profile

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, provides environmental solutions for indoor surface decontamination in the United States and internationally. Its products and services include SteraMist Surface Unit, a portable, handheld, point and spray disinfection/decontamination system intended to provide quick turnover of any affected space; SteraMist Environment System, a transportable, remotely controlled system that offers complete room disinfection/decontamination of a sealed space; and The SteraMist Hospital Disinfection Cart, a solution to aid its hospital-healthcare customers in providing the quality of care and safety to their patients by disinfecting patient and operating rooms, pharmacies, ambulances, and emergency environments in a hospital or healthcare facility.