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

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 12,600 shares, an increase of 306.5% from the October 15th total of 3,100 shares. Based on an average trading volume of 46,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $3.50 price target on shares of TOMI Environmental Solutions in a research report on Thursday, October 31st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Dynamic Advisor Solutions LLC grew its stake in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 150.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the company’s stock after purchasing an additional 30,000 shares during the period. Dynamic Advisor Solutions LLC owned about 0.25% of TOMI Environmental Solutions worth $40,000 as of its most recent SEC filing. 4.77% of the stock is owned by institutional investors.

TOMI Environmental Solutions Stock Performance

TOMZ traded up $0.02 during trading on Wednesday, reaching $0.80. 923 shares of the company were exchanged, compared to its average volume of 44,621. The stock has a market cap of $16.01 million, a P/E ratio of -5.98 and a beta of 1.27. The firm has a 50 day moving average of $0.81 and a 200 day moving average of $0.81. The company has a current ratio of 4.13, a quick ratio of 2.06 and a debt-to-equity ratio of 0.32. TOMI Environmental Solutions has a 52 week low of $0.52 and a 52 week high of $1.19.

About TOMI Environmental Solutions

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, engages in the provision of environmental solutions for indoor air and surface disinfection and decontamination in the United States and internationally. The company’s disinfection solutions include SteraPak portable disinfection systems, SteraMist select surface units, SteraMist environment systems, SteraMist total disinfection carts, SteraMist transport units, NV+ fogging disinfection and decontamination systems, SteraMist custom engineered systems, SteraMist Hybrid disinfection systems, SteraMist integrated systems, Stainless Steel 90-Degree applicators, SteraMist plasma decontamination chambers, and iHP Corporate Service Decontamination, which provides full room, equipment, facility, and emergency disinfection and decontamination services.