Short Interest in Telos Co. (NASDAQ:TLS) Declines By 36.1%

Telos Co. (NASDAQ:TLS - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 1,490,000 shares, a decrease of 36.1% from the April 30th total of 2,330,000 shares. Currently, 2.9% of the company's stock are short sold. Based on an average daily volume of 716,800 shares, the days-to-cover ratio is presently 2.1 days.

Telos Stock Up 2.3%

Shares of NASDAQ:TLS traded up $0.06 on Wednesday, hitting $2.72. 578,174 shares of the company traded hands, compared to its average volume of 626,905. Telos has a 52 week low of $1.83 and a 52 week high of $4.82. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $2.52 and a 200-day simple moving average of $2.97. The company has a market cap of $199.88 million, a PE ratio of -3.89 and a beta of 0.90.

Telos (NASDAQ:TLS - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Telos had a negative net margin of 40.80% and a negative return on equity of 28.19%. The company had revenue of $26.37 million for the quarter, compared to the consensus estimate of $25.55 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. As a group, research analysts expect that Telos will post -0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TLS shares. DA Davidson decreased their price objective on Telos from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Wall Street Zen upgraded Telos from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets decreased their price objective on Telos from $3.00 to $2.25 and set a "market perform" rating for the company in a report on Monday, May 12th. Wedbush reiterated an "outperform" rating and issued a $6.00 price objective on shares of Telos in a report on Tuesday, March 11th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Telos in a report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Telos has an average rating of "Hold" and a consensus target price of $3.94.

Institutional Investors Weigh In On Telos

Several institutional investors have recently modified their holdings of the business. Barclays PLC boosted its position in shares of Telos by 3.7% during the fourth quarter. Barclays PLC now owns 9,523,032 shares of the company's stock valued at $32,569,000 after buying an additional 342,076 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Telos by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company's stock valued at $17,097,000 after buying an additional 611,978 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Telos by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company's stock valued at $4,649,000 after buying an additional 4,715 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Telos by 16.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,145,861 shares of the company's stock valued at $3,919,000 after buying an additional 162,549 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Telos by 1.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 855,896 shares of the company's stock valued at $2,927,000 after buying an additional 16,041 shares during the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.