TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Sees Significant Decline in Short Interest

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 7,500 shares, a decline of 61.3% from the June 30th total of 19,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 72,500 shares, the short-interest ratio is presently 0.1 days.

TOMI Environmental Solutions Stock Performance

NASDAQ TOMZ traded up $0.01 during trading hours on Friday, reaching $0.75. 15,205 shares of the company were exchanged, compared to its average volume of 44,713. The business’s 50 day simple moving average is $0.85 and its 200-day simple moving average is $0.77. 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 has a 1 year low of $0.52 and a 1 year high of $1.39. The stock has a market capitalization of $14.86 million, a P/E ratio of -4.06 and a beta of 1.30.

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

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $3.50 price target on shares of TOMI Environmental Solutions in a research report on Friday.

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 shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 48,751 shares of the company’s stock, valued at approximately $49,000. Choreo LLC owned approximately 0.24% of TOMI Environmental Solutions at the end of the most recent reporting period. 4.77% of the stock is currently owned by institutional investors and hedge funds.

About TOMI Environmental Solutions

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.