TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Up 548.2% in June

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 36,300 shares, an increase of 548.2% from the May 31st total of 5,600 shares. Based on an average daily trading volume, of 66,200 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

TOMI Environmental Solutions Stock Performance

Shares of TOMZ traded down $0.10 during trading hours on Friday, hitting $0.90. The stock had a trading volume of 61,560 shares, compared to its average volume of 44,980. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.36 and a quick ratio of 1.98. TOMI Environmental Solutions has a 12 month low of $0.52 and a 12 month high of $1.39. The firm has a market capitalization of $17.95 million, a PE ratio of -4.79 and a beta of 1.28. The stock has a fifty day moving average price of $0.79 and a 200 day moving average price of $0.79.

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

Hedge Funds Weigh In On 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 4th 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 approximately 0.24% of TOMI Environmental Solutions as of its most recent SEC filing. Hedge funds and other institutional investors own 4.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $3.50 target price on shares of TOMI Environmental Solutions in a report on Friday, June 7th.

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.