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Shares of Qualys (NASDAQ:QLYS) were the target of a large decline in short interest in May. As of May 30th, there was short interest totalling 1,075,531 shares, a decline of 19.4% from the May 15th total of 1,334,583 shares, reports. Currently, 5.4% of the shares of the stock are short sold. Based on an average daily volume of 210,620 shares, the days-to-cover ratio is currently 5.1 days.

Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Qualys from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th. Separately, analysts at Imperial Capital reiterated an “outperform” rating on shares of Qualys in a research note on Wednesday, May 7th. They now have a $29.00 price target on the stock, down previously from $33.00. They noted that the move was a valuation call. Finally, analysts at Sterne Agee cut their price target on shares of Qualys to $25.00 in a research note on Tuesday, May 6th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.12.

Qualys (NASDAQ:QLYS) opened at 25.50 on Friday. Qualys has a 1-year low of $14.75 and a 1-year high of $29.94. The stock has a 50-day moving average of $22.64 and a 200-day moving average of $24.57. The company has a market cap of $833.3 million and a price-to-earnings ratio of 471.27.

Qualys (NASDAQ:QLYS) last announced its earnings results on Monday, May 5th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $30.40 million for the quarter, compared to the consensus estimate of $29.59 million. During the same quarter last year, the company posted $0.01 earnings per share. Qualys’s revenue was up 22.2% compared to the same quarter last year. Analysts expect that Qualys will post $0.25 EPS for the current fiscal year.

Qualys, Inc (NASDAQ:QLYS) is a provider of clouds security and compliance solutions that enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber attacks and achieve compliance with internal policies and external regulations.

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