Short Interest in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Declines By 53.7%

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 5,600 shares, a decrease of 53.7% from the May 15th total of 12,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 47,200 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and set a $3.50 price objective on shares of TOMI Environmental Solutions in a research report on Friday, June 7th.

TOMI Environmental Solutions Stock Performance

TOMZ traded up $0.15 on Thursday, reaching $1.09. The company had a trading volume of 265,437 shares, compared to its average volume of 41,088. The stock has a 50-day moving average price of $0.70 and a 200-day moving average price of $0.79. The stock has a market capitalization of $21.75 million, a PE ratio of -5.39 and a beta of 1.28. TOMI Environmental Solutions has a 1 year low of $0.52 and a 1 year high of $1.39. The company has a quick ratio of 1.98, a current ratio of 4.36 and a debt-to-equity ratio of 0.33.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced its earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The firm had revenue of $1.11 million during the quarter, compared to analyst estimates of $2.58 million. TOMI Environmental Solutions had a negative net margin of 51.20% and a negative return on equity of 39.96%. As a group, research analysts forecast that TOMI Environmental Solutions will post -0.1 EPS for the current fiscal year.

Institutional Trading of TOMI Environmental Solutions

A hedge fund recently bought a new stake in TOMI Environmental Solutions stock. Choreo LLC acquired a new stake in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,751 shares of the company’s stock, valued at approximately $49,000. Choreo LLC owned 0.24% of TOMI Environmental Solutions as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 4.77% of the company’s stock.

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.