TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Down 59.4% in March

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 117,492 shares, a decline of 59.4% from the February 26th total of 289,426 shares. Based on an average daily volume of 53,462 shares, the short-interest ratio is presently 2.2 days. Approximately 0.8% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TOMI Environmental Solutions in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TOMI Environmental Solutions stock. Susquehanna International Group LLP raised its holdings in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,280 shares of the company’s stock after buying an additional 30,361 shares during the quarter. Susquehanna International Group LLP owned 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent SEC filing. 4.77% of the stock is currently owned by hedge funds and other institutional investors.

TOMI Environmental Solutions Price Performance

NASDAQ:TOMZ opened at $0.67 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.98 and a quick ratio of 0.66. TOMI Environmental Solutions has a one year low of $0.54 and a one year high of $1.20. The company has a fifty day moving average price of $0.70 and a 200 day moving average price of $0.81. The stock has a market cap of $13.55 million, a P/E ratio of -2.68 and a beta of 1.58.

About TOMI Environmental Solutions

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.