Innovative Solutions and Support, Inc. (NASDAQ:ISSC) Short Interest Up 13.7% in October

Innovative Solutions and Support, Inc. (NASDAQ:ISSC) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 30,800 shares, an increase of 13.7% from the October 15th total of 27,100 shares. Based on an average daily volume of 40,900 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Innovative Solutions and Support from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Institutional Investors Weigh In On Innovative Solutions and Support

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pekin Hardy Strauss Inc. acquired a new position in shares of Innovative Solutions and Support during the third quarter valued at approximately $466,000. Corsair Capital Management L.P. bought a new stake in Innovative Solutions and Support during the third quarter worth approximately $155,000. Gabelli Funds LLC grew 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 worth $376,000 after buying an additional 18,585 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Innovative Solutions and Support in the first quarter valued at $117,000. Finally, James Investment Research Inc. acquired a new stake in shares of Innovative Solutions and Support during the 3rd quarter valued at $68,000. 28.53% of the stock is currently owned by institutional investors.

Innovative Solutions and Support Stock Performance

Shares of ISSC traded down $0.16 during mid-day trading on Monday, reaching $7.34. 17,222 shares of the company’s stock traded hands, compared to its average volume of 43,719. Innovative Solutions and Support has a 12 month low of $4.91 and a 12 month high of $9.00. The stock has a market capitalization of $128.45 million, a P/E ratio of 20.27 and a beta of 1.06. The business’s 50-day moving average price is $6.98 and its 200-day moving average price is $6.48.

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.