Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Sees Large Increase in Short Interest

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 33,900 shares, a growth of 162.8% from the July 31st total of 12,900 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 50,000 shares, the short-interest ratio is presently 0.7 days.

Innovative Solutions and Support Stock Down 0.8 %

NASDAQ ISSC traded down $0.06 on Thursday, hitting $7.00. The company’s stock had a trading volume of 29,998 shares, compared to its average volume of 42,917. Innovative Solutions and Support has a 1-year low of $4.91 and a 1-year high of $9.00. The company’s 50-day moving average is $6.20 and its 200 day moving average is $6.70. The firm has a market cap of $122.46 million, a PE ratio of 19.44 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

Insider Buying and Selling at Innovative Solutions and Support

In other Innovative Solutions and Support news, Director Glen R. Bressner acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $6.53 per share, with a total value of $32,650.00. Following the acquisition, the director now directly owns 123,201 shares of the company’s stock, valued at approximately $804,502.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Glen R. Bressner acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $6.83 per share, with a total value of $27,320.00. Following the purchase, the director now directly owns 128,201 shares in the company, valued at $875,612.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glen R. Bressner acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $6.53 per share, with a total value of $32,650.00. Following the purchase, the director now owns 123,201 shares in the company, valued at $804,502.53. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Innovative Solutions and Support

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISSC. Victory Capital Management Inc. acquired a new position in Innovative Solutions and Support in the 4th quarter valued at approximately $93,000. Isthmus Partners LLC increased its position in Innovative Solutions and Support by 4.4% in the 4th quarter. Isthmus Partners LLC now owns 134,511 shares of the aerospace company’s stock valued at $1,147,000 after acquiring an additional 5,642 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in Innovative Solutions and Support in the 1st quarter valued at approximately $439,000. Quadrature Capital Ltd acquired a new position in Innovative Solutions and Support in the 1st quarter valued at approximately $117,000. Finally, Dimensional Fund Advisors LP increased its position in Innovative Solutions and Support by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,119 shares of the aerospace company’s stock valued at $2,509,000 after acquiring an additional 8,760 shares during the period. 28.53% of the stock is currently owned by institutional investors and hedge funds.

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.