TOMZ Stock: 7 Things to Know About Short-Squeeze Play TOMI Environmental as Shares Surge Today

TOMI Environmental (NASDAQ:TOMZ) stock is taking off on Friday as the penny stock faces a short squeeze from investors on social media.

short-squeeze stocks illustration of a person wringing out a business man on a yellow cartoon backdrop with dollar bills falling representing TOMZ Stock.

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Several retail traders on Twitter (NYSE:TWTR) are hyping shares of TOMZ stock this morning and we’re seeing the effects. This has some 13 million shares trading, as compared to the company’s daily average of about 1.2 million shares.

Shares of TOMZ stock started off strong when markets opened on Friday. While the stock has been slipping since then, it’s still currently trading well above its closing price on Thursday. It’s possible we could see another pump take it back up today.

Even so, investors will want to be wary about jumping in on TOMZ stock today. As noted, it’s a penny stock and retail traders are taking notice of it. That means it’s a prime target for a pump and dump that could leave unfortunate investors holding the bag.

Keeping that in mind, here’s a few things potential investors in TOMZ stock need to know about the company.

  • TOMI Environmental is a “bacteria decontamination and infectious disease control company.”
  • The company’s main focus is its SteraMist brand of products.
  • These offer “environmental solutions for indoor surface decontamination.”
  • The SteraMist is “an EPA registered sole active ingredient 7.8% hydrogen peroxide-based product line that uses Binary Ionization Technology.”
  • TOMI Environmental got its start in 2013 when it purchased the BIT platform from L-3 Technologies.
  • Most recently, its SteraMist products have been used to combat Covid-19.
  • The company’s market capitalization is $39.05 million.

TOMZ stock is up 7% as of Friday morning.

Investors looking for more stock market news today will want to keep reading!

InvestorPlace has all the news traders need to know about for Friday. That includes what’s happening with shares of Marvell Technology (NASDAQ:MRVL), Nvidia (NASDAQ:NVDA), and Didi Global (NYSE:DIDI). You can find all of that at the links below!

More Friday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

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