TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Short Interest Update

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 191,400 shares, a drop of 85.9% from the December 15th total of 1,360,000 shares. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is presently 0.1 days. Currently, 1.4% of the company’s stock are short sold.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of TOMI Environmental Solutions by 40.0% during the 2nd quarter. Bank of Montreal Can now owns 233,864 shares of the company’s stock worth $702,000 after acquiring an additional 66,771 shares in the last quarter. Vanguard Group Inc. raised its position in shares of TOMI Environmental Solutions by 27.0% during the 2nd quarter. Vanguard Group Inc. now owns 140,868 shares of the company’s stock worth $406,000 after acquiring an additional 29,980 shares in the last quarter. Geode Capital Management LLC raised its position in shares of TOMI Environmental Solutions by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 50,049 shares of the company’s stock worth $144,000 after acquiring an additional 5,743 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of TOMI Environmental Solutions during the 2nd quarter worth about $86,000. Finally, State Street Corp acquired a new stake in shares of TOMI Environmental Solutions during the 2nd quarter worth about $59,000. 8.59% of the stock is currently owned by institutional investors and hedge funds.

Separately, HC Wainwright assumed coverage on TOMI Environmental Solutions in a research report on Tuesday, December 21st. They issued a “buy” rating and a $3.50 price target on the stock.

TOMZ stock opened at $1.18 on Friday. The firm has a market capitalization of $23.22 million, a P/E ratio of -3.47 and a beta of -1.42. The business’s 50-day moving average is $1.58 and its two-hundred day moving average is $1.90. TOMI Environmental Solutions has a 1 year low of $1.07 and a 1 year high of $6.50.

TOMI Environmental Solutions (NASDAQ:TOMZ) last issued its earnings results on Friday, November 12th. The company reported ($0.03) earnings per share for the quarter. TOMI Environmental Solutions had a negative return on equity of 44.12% and a negative net margin of 60.44%. The business had revenue of $2.21 million for the quarter. On average, equities analysts anticipate that TOMI Environmental Solutions will post -0.18 earnings per share for the current fiscal year.

About TOMI Environmental Solutions

TOMI Environmental Solutions, Inc provides disinfection and decontamination essentials under the brand name SteraMist. It operates through the following division: Hospital-HealthCare, Life Sciences, TOMI Service Network, and Food Safety. The company was founded by Halden S. Shane on September 18, 1979 and is headquartered in Beverly Hills, CA.

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