TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) Sees Large Drop in Short Interest

TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 3,100 shares, a drop of 79.6% from the September 30th total of 15,200 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 47,100 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $3.50 price objective on shares of TOMI Environmental Solutions in a report on Friday, August 2nd.

TOMI Environmental Solutions Stock Performance

TOMI Environmental Solutions stock traded up $0.02 during midday trading on Friday, reaching $0.95. 50,408 shares of the company’s stock were exchanged, compared to its average volume of 45,596. TOMI Environmental Solutions has a 52 week low of $0.52 and a 52 week high of $1.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.06 and a current ratio of 3.84. The firm has a market cap of $19.01 million, a price-to-earnings ratio of -5.25 and a beta of 1.31. The stock’s 50-day simple moving average is $0.81 and its 200 day simple moving average is $0.78.

Hedge Funds Weigh In On TOMI Environmental Solutions

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Dynamic Advisor Solutions LLC increased its holdings in shares of TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 150.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 50,000 shares of the company’s stock after purchasing an additional 30,000 shares during the period. Dynamic Advisor Solutions LLC owned 0.25% of TOMI Environmental Solutions worth $40,000 as of its most recent filing with the SEC. 4.77% of the stock is owned by institutional investors and hedge funds.

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.