Telos Co. (NASDAQ:TLS) Short Interest Down 19.4% in November

Telos Co. (NASDAQ:TLS) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,280,000 shares, a decrease of 19.4% from the November 15th total of 2,830,000 shares. Based on an average trading volume of 519,500 shares, the days-to-cover ratio is presently 4.4 days. Currently, 4.5% of the shares of the company are sold short.

Telos Price Performance

TLS traded down $0.05 during midday trading on Friday, reaching $3.47. 193,593 shares of the company’s stock were exchanged, compared to its average volume of 575,496. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $3.59 and a two-hundred day simple moving average of $3.65. The firm has a market capitalization of $251.16 million, a price-to-earnings ratio of -4.96 and a beta of 0.92. Telos has a one year low of $1.89 and a one year high of $5.03.

Analyst Ratings Changes

A number of research analysts have recently commented on TLS shares. B. Riley reaffirmed a “buy” rating and set a $5.00 price objective on shares of Telos in a research report on Thursday, August 29th. BMO Capital Markets raised their price objective on Telos from $3.00 to $4.50 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.50.

Institutional Trading of Telos

Several institutional investors have recently bought and sold shares of TLS. B. Riley Wealth Advisors Inc. boosted its position in Telos by 15.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 97,535 shares of the company’s stock valued at $345,000 after buying an additional 13,160 shares in the last quarter. Barclays PLC boosted its holdings in shares of Telos by 0.6% in the 3rd quarter. Barclays PLC now owns 9,180,956 shares of the company’s stock worth $32,961,000 after acquiring an additional 52,320 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Telos during the 3rd quarter worth approximately $64,000. XTX Topco Ltd acquired a new stake in shares of Telos in the third quarter valued at $240,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Telos in the third quarter worth about $3,665,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

About Telos

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.