Telos Co. (NASDAQ:TLS) Short Interest Down 36.1% in May

Telos Co. (NASDAQ:TLS - Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 1,490,000 shares, a decline of 36.1% from the April 30th total of 2,330,000 shares. Based on an average trading volume of 716,800 shares, the short-interest ratio is currently 2.1 days. Approximately 2.9% of the company's shares are sold short.

Telos Trading Up 3.4%

TLS stock traded up $0.09 during trading on Tuesday, reaching $2.72. 391,195 shares of the stock traded hands, compared to its average volume of 627,272. The firm has a market capitalization of $199.88 million, a PE ratio of -3.89 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.64 and a quick ratio of 3.59. The business's 50 day moving average price is $2.52 and its 200-day moving average price is $2.97. Telos has a 52-week low of $1.83 and a 52-week high of $5.03.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Telos

Several hedge funds and other institutional investors have recently made changes to their positions in TLS. White Pine Capital LLC raised its position in Telos by 2.1% in the fourth quarter. White Pine Capital LLC now owns 183,207 shares of the company's stock valued at $627,000 after purchasing an additional 3,683 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Telos by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock valued at $43,000 after buying an additional 4,000 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Telos by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 34,877 shares of the company's stock valued at $119,000 after buying an additional 4,705 shares during the period. Geode Capital Management LLC lifted its position in Telos by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company's stock worth $4,649,000 after acquiring an additional 4,715 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Telos by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 15,512 shares of the company's stock worth $53,000 after acquiring an additional 5,105 shares during the period. Institutional investors and hedge funds own 62.14% of the company's stock.

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.