Telos Co. (NASDAQ:TLS) Short Interest Update

Telos Co. (NASDAQ:TLS) was the recipient of a large drop in short interest in 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. Based on an average daily volume of 762,300 shares, the short-interest ratio is presently 3.2 days. Approximately 4.8% of the shares of the stock are short sold.

Telos Price Performance

Shares of TLS traded down $0.20 during midday trading on Friday, reaching $3.30. The stock had a trading volume of 492,512 shares, compared to its average volume of 578,451. The company 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 current ratio of 3.64, a quick ratio of 4.70 and a debt-to-equity ratio of 0.06. Telos has a 12-month low of $1.89 and a 12-month high of $5.03. The company’s 50-day moving average is $3.62 and its 200 day moving average is $3.69.

Hedge Funds Weigh In On Telos

Several hedge funds and other institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC bought a new stake in shares of Telos during the 3rd quarter valued at $3,665,000. Bank of Montreal Can bought a new stake in Telos during the second quarter worth about $1,128,000. State Street Corp grew its holdings in Telos by 27.0% in the third 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 during the period. Renaissance Technologies LLC increased its stake in shares of Telos by 22.9% during the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock valued at $4,118,000 after purchasing an additional 190,700 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Telos by 28.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company’s stock valued at $3,015,000 after purchasing an additional 186,059 shares during the last quarter. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Analysts Set New Price Targets

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