Telos Co. (NASDAQ:TLS) Short Interest Up 33.7% in August

Telos Co. (NASDAQ:TLS) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 3,370,000 shares, an increase of 33.7% from the July 31st total of 2,520,000 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily volume of 878,200 shares, the short-interest ratio is presently 3.8 days.

Analyst Upgrades and Downgrades

A number of analysts have commented on TLS shares. Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of Telos in a report on Monday, May 13th. B. Riley reiterated a “buy” rating and set a $5.00 price objective on shares of Telos in a research report on Thursday. BMO Capital Markets lowered their price objective on Telos from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Telos in a research note on Monday, August 12th. Finally, DA Davidson reduced their price target on Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. 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, the company has an average rating of “Moderate Buy” and an average price target of $4.50.

Insider Activity at Telos

In other Telos news, CEO John B. Wood purchased 158,644 shares of Telos stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $2.39 per share, with a total value of $379,159.16. Following the acquisition, the chief executive officer now owns 5,026,925 shares of the company’s stock, valued at approximately $12,014,350.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Fifth Lane Capital LP acquired a new stake in shares of Telos in the first quarter valued at $44,000. SG Americas Securities LLC purchased a new stake in Telos during the first quarter worth about $58,000. Lazard Asset Management LLC purchased a new stake in Telos during the first quarter worth about $58,000. AJOVista LLC purchased a new position in shares of Telos in the fourth quarter valued at approximately $56,000. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Telos by 73.8% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 18,175 shares of the company’s stock valued at $66,000 after purchasing an additional 7,720 shares in the last quarter. Institutional investors and hedge funds own 62.14% of the company’s stock.

Telos Trading Down 2.9 %

Shares of Telos stock traded down $0.11 during trading hours on Friday, hitting $3.65. The company’s stock had a trading volume of 876,417 shares, compared to its average volume of 603,876. The stock has a market cap of $261.92 million, a price-to-earnings ratio of -8.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.70 and a current ratio of 4.76. Telos has a twelve month low of $1.87 and a twelve month high of $5.03. The firm has a fifty day moving average of $3.66 and a 200-day moving average of $3.76.

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.