Telos Co. (NASDAQ:TLS) Short Interest Update

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

Telos Stock Down 5.7 %

Shares of Telos stock opened at $3.30 on Friday. Telos has a 52-week low of $1.89 and a 52-week high of $5.03. The stock has a market capitalization of $238.85 million, a price-to-earnings ratio of -4.71 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.70 and a current ratio of 3.64. The company’s 50 day moving average price is $3.62 and its 200-day moving average price is $3.69.

Institutional Investors Weigh In On Telos

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE bought a new stake in Telos during the 3rd quarter valued at approximately $39,000. Intech Investment Management LLC bought a new position in Telos in the 3rd quarter valued at approximately $49,000. SG Americas Securities LLC bought a new stake in Telos in the 1st quarter worth about $58,000. Lazard Asset Management LLC bought a new position in Telos during the first quarter valued at approximately $58,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Telos during the third quarter valued at $64,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TLS. B. Riley reaffirmed a “buy” rating and set a $5.00 target price on shares of Telos in a research report on Thursday, August 29th. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research report on Monday, August 12th. BMO Capital Markets upped their target price on Telos from $3.00 to $4.50 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, DA Davidson cut their target price on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.80.

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.