Telos Corporation (NASDAQ:TLS) Sees Significant Decline in Short Interest

Key Points

• Telos Corporation experienced a 20.6% decrease in short interest in August, bringing the total to 1,730,000 shares, with a short-interest ratio of 1.2 days.
• Several analysts have upgraded Telos, with Wall Street Zen raising its rating from "hold" to "buy" and target prices varying from $4.00 to $6.00 across different firms.
• Insider sales have occurred, with directors selling over 537,544 shares in the last quarter, reflecting a notable decrease in their ownership stakes.

Telos Corporation (NASDAQ:TLS - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,730,000 shares, a decrease of 20.6% from the August 15th total of 2,180,000 shares. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is currently 1.2 days. Approximately 3.4% of the company's stock are sold short. Approximately 3.4% of the company's stock are sold short. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen raised Telos from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. DA Davidson lifted their price objective on Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a research report on Tuesday, August 12th. Wedbush increased their target price on shares of Telos from $4.00 to $6.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $4.50 target price (up from $2.25) on shares of Telos in a report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Telos has an average rating of "Hold" and a consensus target price of $4.83.

Telos Price Performance

Shares of NASDAQ:TLS traded up $0.26 during trading on Thursday, hitting $6.85. 800,379 shares of the company's stock were exchanged, compared to its average volume of 916,874. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.65 and a quick ratio of 2.55. Telos has a 52-week low of $1.83 and a 52-week high of $7.06. The business's 50-day simple moving average is $4.61 and its 200 day simple moving average is $3.33. The company has a market cap of $498.00 million, a price-to-earnings ratio of -8.90 and a beta of 1.06.

Insider Transactions at Telos

In other news, Director Derrick D. Dockery sold 4,500 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $6.87, for a total transaction of $30,915.00. Following the transaction, the director directly owned 182,600 shares of the company's stock, valued at $1,254,462. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John W. Maluda sold 52,595 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $6.60, for a total value of $347,127.00. Following the transaction, the director directly owned 185,387 shares in the company, valued at approximately $1,223,554.20. The trade was a 22.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 537,544 shares of company stock worth $3,579,041 over the last quarter. Corporate insiders own 14.90% of the company's stock.

Hedge Funds Weigh In On Telos

Several institutional investors have recently added to or reduced their stakes in TLS. Osaic Holdings Inc. lifted its stake in shares of Telos by 305.5% in the 2nd quarter. Osaic Holdings Inc. now owns 115,654 shares of the company's stock valued at $367,000 after purchasing an additional 87,131 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Telos in the 2nd quarter valued at approximately $616,000. Manatuck Hill Partners LLC bought a new stake in shares of Telos during the 2nd quarter worth approximately $792,000. Ameriprise Financial Inc. lifted its stake in shares of Telos by 140.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 97,887 shares of the company's stock worth $310,000 after acquiring an additional 57,214 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Telos during the 2nd quarter worth approximately $1,801,000. Hedge funds and other institutional investors 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.

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