Telos Co. (NASDAQ:TLS) Sees Large Decrease in Short Interest

Telos Co. (NASDAQ:TLS) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,280,000 shares, a decline of 19.4% from the November 15th total of 2,830,000 shares. Based on an average daily trading volume, of 519,500 shares, the short-interest ratio is currently 4.4 days. Currently, 4.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a report on Wednesday, November 13th. B. Riley reissued a “buy” rating and issued a $5.00 target price on shares of Telos in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Telos presently has an average rating of “Hold” and a consensus target price of $4.50.

Telos Stock Performance

Shares of NASDAQ:TLS traded down $0.05 during trading hours on Friday, hitting $3.47. The stock had a trading volume of 193,593 shares, compared to its average volume of 575,496. The stock’s fifty day simple moving average is $3.59 and its 200 day simple moving average is $3.65. The firm has a market capitalization of $251.16 million, a price-to-earnings ratio of -4.96 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.59 and a current ratio of 3.64. Telos has a 1-year low of $1.89 and a 1-year high of $5.03.

Institutional Investors Weigh In On Telos

A number of institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new position in shares of Telos in the 3rd quarter worth $3,665,000. Bank of Montreal Can acquired a new stake in Telos during the 2nd quarter worth about $1,128,000. State Street Corp lifted its stake in Telos by 27.0% during the third quarter. State Street Corp now owns 933,156 shares of the company’s stock valued at $3,350,000 after buying an additional 198,676 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Telos by 22.9% in the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock worth $4,118,000 after acquiring an additional 190,700 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Telos by 28.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company’s stock valued at $3,015,000 after acquiring an additional 186,059 shares in the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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.