Short Interest in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Increases By 29.7%

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 68,600 shares, an increase of 29.7% from the December 15th total of 52,900 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 98,200 shares, the days-to-cover ratio is currently 0.7 days.

Innovative Solutions and Support Price Performance

Shares of ISSC stock traded up $0.12 on Friday, reaching $10.29. The company’s stock had a trading volume of 283,435 shares, compared to its average volume of 178,393. The stock’s fifty day simple moving average is $8.11 and its 200-day simple moving average is $7.13. Innovative Solutions and Support has a 1 year low of $4.91 and a 1 year high of $10.50. The company has a current ratio of 4.77, a quick ratio of 3.02 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $180.49 million, a price-to-earnings ratio of 25.73 and a beta of 1.00.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, December 19th. The aerospace company reported $0.21 earnings per share for the quarter. Innovative Solutions and Support had a return on equity of 18.32% and a net margin of 14.83%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 5th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Barclays PLC bought a new position in shares of Innovative Solutions and Support during the 3rd quarter worth $32,000. Dimensional Fund Advisors LP grew its holdings in Innovative Solutions and Support by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock worth $2,509,000 after acquiring an additional 8,760 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Innovative Solutions and Support by 29.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,040 shares of the aerospace company’s stock valued at $287,000 after purchasing an additional 9,888 shares during the period. James Investment Research Inc. bought a new stake in shares of Innovative Solutions and Support in the 3rd quarter valued at about $68,000. Finally, Gabelli Funds LLC lifted its position in shares of Innovative Solutions and Support by 42.2% in the 2nd quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 18,585 shares during the period. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Company Profile

Innovative Solutions and Support, Inc, a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally. It offers flat panel display systems that replicate the display of analog or digital displays on one screen and replace existing displays in legacy aircraft, as well as used for security monitoring on-board aircraft and as tactical workstations on military aircraft; and flight deck management system, a navigation and performance computer that upgrade for commercial air transport aircraft.