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

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 834,320 shares, a growth of 26.4% from the February 26th total of 660,079 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average trading volume of 871,547 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Innovative Solutions and Support

Large investors have recently bought and sold shares of the company. Stifel Financial Corp acquired a new position in shares of Innovative Solutions and Support in the 4th quarter valued at $5,529,000. Punch & Associates Investment Management Inc. grew its stake in Innovative Solutions and Support by 94.1% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 595,174 shares of the aerospace company’s stock valued at $11,273,000 after acquiring an additional 288,479 shares during the period. Marshall Wace LLP increased its holdings in shares of Innovative Solutions and Support by 57.4% in the fourth quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock worth $14,290,000 after acquiring an additional 275,286 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Innovative Solutions and Support by 1,234.9% in the fourth quarter. Millennium Management LLC now owns 280,579 shares of the aerospace company’s stock worth $5,314,000 after acquiring an additional 259,561 shares in the last quarter. Finally, Palisades Investment Partners LLC acquired a new stake in shares of Innovative Solutions and Support during the third quarter worth about $2,927,000. Institutional investors own 28.53% of the company’s stock.

Innovative Solutions and Support Trading Up 4.2%

NASDAQ ISSC traded up $0.86 during trading hours on Wednesday, hitting $21.39. The company’s stock had a trading volume of 193,626 shares, compared to its average volume of 626,524. Innovative Solutions and Support has a twelve month low of $5.30 and a twelve month high of $30.94. The firm has a market capitalization of $380.31 million, a P/E ratio of 20.41 and a beta of 0.57. The company has a quick ratio of 1.53, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $23.91 and a 200 day moving average of $16.72.

Innovative Solutions and Support (NASDAQ:ISSC) last released its earnings results on Thursday, February 12th. The aerospace company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The firm had revenue of $21.81 million during the quarter, compared to analyst estimates of $18.82 million. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 30.44%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ISSC. Zacks Research upgraded shares of Innovative Solutions and Support from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Craig Hallum assumed coverage on Innovative Solutions and Support in a research note on Friday, December 5th. They issued a “buy” rating and a $16.00 target price for the company. Wall Street Zen upgraded Innovative Solutions and Support from a “hold” rating to a “buy” rating in a research report on Saturday. JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a research note on Monday, January 5th. Finally, Weiss Ratings upgraded Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy” and an average price target of $16.25.

About Innovative Solutions and Support

Innovative Solutions and Support, Inc (NASDAQ: ISSC) is a provider of technology solutions and mission support services to U.S. federal government agencies, with a focus on defense, intelligence, and national security programs. The company delivers integrated program management, systems engineering, and advanced IT infrastructure support designed to enhance operational readiness and maintain secure, scalable environments for mission-critical operations.

Its core service offerings include systems integration, custom software development, data analytics, cybersecurity, and logistics management.