Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Down 40.1% in April

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 414,616 shares, a decline of 40.1% from the April 15th total of 691,727 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 473,401 shares, the days-to-cover ratio is currently 0.9 days.

Innovative Solutions and Support Stock Down 6.9%

ISSC traded down $1.13 during trading on Tuesday, reaching $15.13. The company had a trading volume of 236,751 shares, compared to its average volume of 598,353. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 1.53. Innovative Solutions and Support has a 12 month low of $8.13 and a 12 month high of $30.94. The business’s fifty day moving average price is $23.36 and its 200 day moving average price is $18.93. The company has a market cap of $268.98 million, a P/E ratio of 16.07 and a beta of 0.71.

Innovative Solutions and Support (NASDAQ:ISSC) last announced its quarterly earnings results on Thursday, May 14th. The aerospace company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Innovative Solutions and Support had a net margin of 18.82% and a return on equity of 28.46%. The firm had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.59 million. Equities analysts anticipate that Innovative Solutions and Support will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ISSC. Geode Capital Management LLC lifted its position in shares of Innovative Solutions and Support by 0.6% in the second quarter. Geode Capital Management LLC now owns 123,258 shares of the aerospace company’s stock worth $1,711,000 after purchasing an additional 725 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Innovative Solutions and Support by 7,484.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,441 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 1,422 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Innovative Solutions and Support by 10.0% in the first quarter. Ritholtz Wealth Management now owns 15,919 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 1,452 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Innovative Solutions and Support by 1.2% in the third quarter. Gamco Investors INC. ET AL now owns 128,500 shares of the aerospace company’s stock worth $1,605,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Meixler Investment Management Ltd. lifted its position in shares of Innovative Solutions and Support by 10.1% in the third quarter. Meixler Investment Management Ltd. now owns 16,825 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 1,550 shares in the last quarter. Institutional investors own 28.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Innovative Solutions and Support from a “strong-buy” rating to a “hold” rating in a report on Friday. Wall Street Zen upgraded shares of Innovative Solutions and Support from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Weiss Ratings raised shares of Innovative Solutions and Support from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Innovative Solutions and Support presently has an average rating of “Buy” and a consensus price target of $16.25.

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.