Short Interest in Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Grows By 88.4%

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 27,500 shares, an increase of 88.4% from the May 31st total of 14,600 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 48,000 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Innovative Solutions and Support

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Isthmus Partners LLC raised its holdings in Innovative Solutions and Support by 46.1% during the 1st quarter. Isthmus Partners LLC now owns 196,504 shares of the aerospace company’s stock worth $1,438,000 after buying an additional 61,993 shares during the period. Mesirow Financial Investment Management Inc. acquired a new stake in Innovative Solutions and Support during the 1st quarter worth about $439,000. Quadrature Capital Ltd acquired a new stake in Innovative Solutions and Support during the 1st quarter worth about $117,000. Victory Capital Management Inc. acquired a new stake in Innovative Solutions and Support during the 4th quarter worth about $93,000. Finally, Barclays PLC acquired a new stake in Innovative Solutions and Support during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 28.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Innovative Solutions and Support from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 31st.

Innovative Solutions and Support Stock Down 1.3 %

Innovative Solutions and Support stock traded down $0.08 during midday trading on Friday, hitting $6.00. The company’s stock had a trading volume of 10,021 shares, compared to its average volume of 31,845. The stock’s 50-day moving average price is $6.17 and its 200-day moving average price is $7.27. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $9.00. The company has a market capitalization of $104.94 million, a PE ratio of 16.67 and a beta of 1.13.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Monday, May 13th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $10.74 million for the quarter. Innovative Solutions and Support had a return on equity of 16.24% and a net margin of 15.42%.

About Innovative Solutions and Support

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.