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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of 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

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of 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. Pekin Hardy Strauss Inc. acquired a new stake in Innovative Solutions and Support in the 3rd quarter valued at approximately $466,000. Gabelli Funds LLC raised its position in Innovative Solutions and Support by 42.2% in the second quarter. Gabelli Funds LLC now owns 62,585 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 18,585 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Innovative Solutions and Support by 29.0% in the third 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. Finally, Corsair Capital Management L.P. acquired a new position in Innovative Solutions and Support during the third quarter worth $155,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Trading Up 1.2 %

Innovative Solutions and Support stock traded up $0.12 during mid-day trading on Friday, hitting $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 moving average is $8.11 and its two-hundred day moving average is $7.13. 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 firm has a market capitalization of $180.49 million, a PE ratio of 25.73 and a beta of 1.00. Innovative Solutions and Support has a 1 year low of $4.91 and a 1 year high of $10.50.

Innovative Solutions and Support (NASDAQ:ISSC) last released its quarterly 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%.

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.