TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Up 126.1% in April

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 10,400 shares, an increase of 126.1% from the March 31st total of 4,600 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $3.50 price target on shares of TOMI Environmental Solutions in a research note on Wednesday, April 3rd.

TOMI Environmental Solutions Stock Performance

NASDAQ:TOMZ remained flat at $0.61 during mid-day trading on Friday. 33,989 shares of the company traded hands, compared to its average volume of 18,793. TOMI Environmental Solutions has a one year low of $0.46 and a one year high of $1.39. The stock has a 50 day moving average price of $0.69 and a 200 day moving average price of $0.85. The company has a current ratio of 4.84, a quick ratio of 2.59 and a debt-to-equity ratio of 0.27.

TOMI Environmental Solutions (NASDAQ:TOMZ) last issued its earnings results on Monday, April 1st. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $1.53 million during the quarter, compared to the consensus estimate of $2.86 million. TOMI Environmental Solutions had a negative return on equity of 35.18% and a negative net margin of 46.28%. Research analysts predict that TOMI Environmental Solutions will post 0.01 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 bought a new stake in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,751 shares of the company’s stock, valued at approximately $49,000. Choreo LLC owned about 0.24% of TOMI Environmental Solutions as of its most recent SEC filing. 4.77% of the stock is owned by institutional investors.

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.