Short Interest in Telos Co. (NASDAQ:TLS) Decreases By 22.9%

Telos Co. (NASDAQ:TLS) was the recipient of 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. Approximately 4.8% of the shares of the company are sold short. Based on an average trading volume of 762,300 shares, the days-to-cover ratio is presently 3.2 days.

Telos Stock Performance

Telos stock traded down $0.20 during trading on Friday, reaching $3.30. The company had a trading volume of 492,512 shares, compared to its average volume of 578,451. The firm’s 50-day simple moving average is $3.62 and its 200 day simple moving average is $3.69. Telos has a 52 week low of $1.89 and a 52 week high of $5.03. 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.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Telos by 0.6% during the 3rd quarter. Barclays PLC now owns 9,180,956 shares of the company’s stock valued at $32,961,000 after buying an additional 52,320 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Telos during the third quarter valued at about $64,000. XTX Topco Ltd purchased a new position in shares of Telos in the third quarter valued at about $240,000. EP Wealth Advisors LLC purchased a new stake in shares of Telos during the third quarter worth about $3,665,000. Finally, State Street Corp lifted its stake in Telos by 27.0% in the 3rd quarter. State Street Corp now owns 933,156 shares of the company’s stock worth $3,350,000 after purchasing an additional 198,676 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.