Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Down 13.4% in January

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 628,971 shares, a drop of 13.4% from the January 15th total of 725,972 shares. Based on an average trading volume of 446,774 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.7% of the company’s stock are short sold. Approximately 3.7% of the company’s stock are short sold. Based on an average trading volume of 446,774 shares, the days-to-cover ratio is currently 1.4 days.

Innovative Solutions and Support Stock Up 0.0%

ISSC traded up $0.00 during midday trading on Tuesday, reaching $19.83. 65,298 shares of the company were exchanged, compared to its average volume of 529,797. The company has a market cap of $352.56 million, a price-to-earnings ratio of 18.79 and a beta of 0.64. The company’s fifty day moving average price is $18.43 and its 200 day moving average price is $14.06. Innovative Solutions and Support has a one year low of $5.30 and a one year high of $23.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 3.04.

Innovative Solutions and Support (NASDAQ:ISSC) last posted its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. Innovative Solutions and Support had a net margin of 21.02% and a return on equity of 31.80%. The firm had revenue of $21.81 million for the quarter, compared to the consensus estimate of $18.82 million.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ISSC shares. Craig Hallum began coverage on shares of Innovative Solutions and Support in a report on Friday, December 5th. They set a “buy” rating and a $16.00 target price on the stock. JonesTrading raised Innovative Solutions and Support to a “strong-buy” rating in a report on Monday, January 5th. Wall Street Zen raised Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innovative Solutions and Support in a report on Thursday, January 22nd. Finally, Northland Securities started coverage on Innovative Solutions and Support in a report on Friday, November 21st. They issued an “outperform” rating and a $16.50 target price on the stock. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $16.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its holdings in shares of Innovative Solutions and Support by 57.4% in the 4th quarter. Marshall Wace LLP now owns 754,488 shares of the aerospace company’s stock worth $14,290,000 after purchasing an additional 275,286 shares during the period. Punch & Associates Investment Management Inc. increased its position in shares of Innovative Solutions and Support by 94.1% during 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 buying an additional 288,479 shares during the period. Vanguard Group Inc. grew its position in shares of Innovative Solutions and Support by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 556,188 shares of the aerospace company’s stock valued at $6,947,000 after purchasing an additional 18,866 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in Innovative Solutions and Support by 19.4% during the fourth quarter. WealthTrust Axiom LLC now owns 386,370 shares of the aerospace company’s stock valued at $7,318,000 after buying an additional 62,712 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Innovative Solutions and Support by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 377,833 shares of the aerospace company’s stock worth $7,158,000 after buying an additional 5,525 shares during the last quarter. 28.53% of the stock is currently owned by hedge funds and other institutional investors.

Innovative Solutions and Support Company Profile

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.