Telos Co. (NASDAQ:TLS) Short Interest Update

Telos Co. (NASDAQ:TLS) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,460,000 shares, a drop of 22.9% from the October 15th total of 3,190,000 shares. Based on an average daily trading volume, of 762,300 shares, the days-to-cover ratio is presently 3.2 days. Approximately 4.8% of the shares of the company are short sold.

Telos Trading Down 5.7 %

TLS stock traded down $0.20 during trading on Friday, reaching $3.30. 492,512 shares of the stock were exchanged, compared to its average volume of 578,451. The company has a current ratio of 3.64, a quick ratio of 4.70 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $238.85 million, a price-to-earnings ratio of -4.71 and a beta of 0.96. The business has a 50 day moving average price of $3.62 and a 200-day moving average price of $3.69. Telos has a 1 year low of $1.89 and a 1 year high of $5.03.

Analyst Ratings Changes

TLS has been the subject of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Telos in a report on Monday, August 12th. DA Davidson cut their price objective on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Monday, August 12th. BMO Capital Markets increased their target price on shares of Telos from $3.00 to $4.50 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, B. Riley restated a “buy” rating and issued a $5.00 price target on shares of Telos in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $4.80.

Institutional Trading of Telos

A number of hedge funds and other institutional investors have recently modified their holdings of TLS. US Bancorp DE purchased a new stake in Telos during the third quarter worth about $39,000. Intech Investment Management LLC purchased a new position in shares of Telos in the 3rd quarter valued at about $49,000. SG Americas Securities LLC purchased a new stake in Telos during the first quarter worth approximately $58,000. Lazard Asset Management LLC purchased a new stake in Telos during the first quarter worth approximately $58,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Telos in the third quarter valued at approximately $64,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.