Telos Co. (NASDAQ:TLS) Short Interest Update

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

Wall Street Analysts Forecast Growth

TLS has been the subject of a number of analyst reports. Needham & Company LLC restated a "hold" rating on shares of Telos in a research report on Monday, August 12th. B. Riley reissued a "buy" rating and set a $5.00 price target on shares of Telos in a research report on Thursday, August 29th. DA Davidson lowered their price objective on Telos from $3.50 to $2.50 and set a "neutral" rating for the company in a research report on Monday, August 12th. Finally, BMO Capital Markets boosted their target price on Telos from $3.00 to $4.50 and gave the stock a "market perform" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Telos currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.80.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. US Bancorp DE bought a new position in Telos during the 3rd quarter worth $39,000. Intech Investment Management LLC acquired a new stake in shares of Telos in the 3rd quarter worth about $49,000. SG Americas Securities LLC bought a new stake in Telos in the 1st quarter valued at about $58,000. Lazard Asset Management LLC acquired a new position in Telos during the 1st quarter valued at about $58,000. Finally, Public Employees Retirement System of Ohio bought a new position in Telos in the 3rd quarter worth about $64,000. 62.14% of the stock is currently owned by institutional investors.

Telos Stock Performance

NASDAQ:TLS traded down $0.20 during trading hours 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 quick ratio of 4.70, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $3.62 and a 200-day simple moving average of $3.69. 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 P/E ratio of -4.71 and a beta of 0.96.

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.